Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 62,400 shares, a growth of 233.7% from the February 28th total of 18,700 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 0.1 days.

Syntec Optics Stock Performance

Shares of NASDAQ:OPTX traded down $0.13 during midday trading on Friday, reaching $1.35. The company’s stock had a trading volume of 80,977 shares, compared to its average volume of 934,579. The business has a 50 day moving average price of $1.64 and a 200 day moving average price of $1.62. Syntec Optics has a 1 year low of $0.85 and a 1 year high of $8.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63.

Institutional Inflows and Outflows

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

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.