Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Declines By 28.1%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 18,700 shares, a drop of 28.1% from the February 13th total of 26,000 shares. Based on an average daily volume of 2,870,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Syntec Optics

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in shares of Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after acquiring an additional 7,777 shares in the last quarter. Two Sigma Investments LP purchased a new position in Syntec Optics during the 4th quarter worth $31,000. Geode Capital Management LLC raised its position in Syntec Optics by 23.9% during the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock valued at $209,000 after purchasing an additional 16,033 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Syntec Optics in the 4th quarter worth $86,000. Finally, Blue Owl Capital Holdings LP bought a new position in shares of Syntec Optics during the 4th quarter worth $125,000.

Syntec Optics Stock Performance

Shares of NASDAQ:OPTX traded up $0.12 on Tuesday, hitting $1.39. 109,652 shares of the company’s stock were exchanged, compared to its average volume of 928,980. The business’s 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.61. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.38. Syntec Optics has a 12 month low of $0.85 and a 12 month high of $8.39.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.