Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Up 180.5% in March

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 11,500 shares, a growth of 180.5% from the February 28th total of 4,100 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Precision Optics Stock Performance

NASDAQ:POCI opened at $4.47 on Thursday. Precision Optics has a fifty-two week low of $3.47 and a fifty-two week high of $6.90. The company has a market cap of $34.10 million, a P/E ratio of -6.98 and a beta of 0.23. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $4.75 and its two-hundred day moving average is $4.86.

Precision Optics (NASDAQ:POCI) last issued its earnings results on Thursday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. Precision Optics had a negative return on equity of 39.17% and a negative net margin of 21.46%. The firm had revenue of $4.53 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in shares of Precision Optics during the fourth quarter worth $93,000. Geode Capital Management LLC increased its holdings in Precision Optics by 95.5% in the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock valued at $292,000 after buying an additional 25,530 shares during the last quarter. WealthTrust Axiom LLC lifted its stake in Precision Optics by 3.9% during the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock worth $1,192,000 after purchasing an additional 9,366 shares during the last quarter. Finally, Needham Investment Management LLC lifted its position in shares of Precision Optics by 9.1% in the 3rd quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $2,232,000 after buying an additional 33,283 shares during the last quarter. 13.71% of the stock is owned by hedge funds and other institutional investors.

Precision Optics Company Profile

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.