Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 204,200 shares, a decrease of 21.0% from the December 31st total of 258,600 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anson Funds Management LP acquired a new stake in shares of Laser Photonics during the 3rd quarter worth $4,077,000. Geode Capital Management LLC grew its holdings in shares of Laser Photonics by 53.4% during the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock worth $989,000 after purchasing an additional 21,106 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Laser Photonics during the 3rd quarter worth $577,000. XTX Topco Ltd acquired a new stake in shares of Laser Photonics during the 2nd quarter worth $32,000. Finally, Spire Wealth Management acquired a new stake in shares of Laser Photonics during the 4th quarter worth $81,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Laser Photonics Price Performance

NASDAQ LASE traded down $0.12 on Friday, reaching $4.74. The stock had a trading volume of 237,636 shares, compared to its average volume of 260,301. The firm has a fifty day moving average of $5.51 and a two-hundred day moving average of $5.57. Laser Photonics has a 1-year low of $0.98 and a 1-year high of $19.80. The company has a market cap of $65.56 million, a P/E ratio of -10.77 and a beta of 3.53.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.