LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Up 197.9% in December

LightPath Technologies, Inc. (NASDAQ:LPTH) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 216,900 shares, a growth of 197.9% from the December 15th total of 72,800 shares. Based on an average daily trading volume, of 279,600 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On LightPath Technologies

An institutional investor recently raised its position in LightPath Technologies stock. B. Riley Wealth Advisors Inc. grew its holdings in shares of LightPath Technologies, Inc. (NASDAQ:LPTH) by 104.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,824 shares of the technology company’s stock after buying an additional 67,429 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.34% of LightPath Technologies worth $166,000 as of its most recent SEC filing. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Down 0.3 %

Shares of LPTH traded down $0.01 during mid-day trading on Tuesday, reaching $2.97. 255,842 shares of the stock traded hands, compared to its average volume of 693,980. The stock has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $1.72. LightPath Technologies has a 12-month low of $1.04 and a 12-month high of $4.42. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03. The firm has a market cap of $117.81 million, a price-to-earnings ratio of -13.50 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LPTH. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. LADENBURG THALM/SH SH raised their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Lake Street Capital lifted their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. Finally, HC Wainwright increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.