Short Interest in Precision Optics Co., Inc. (NASDAQ:POCI) Declines By 12.7%

Precision Optics Co., Inc. (NASDAQ:POCI) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 17,200 shares, a drop of 12.7% from the January 31st total of 19,700 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 1.6 days.

Precision Optics Stock Performance

Shares of Precision Optics stock opened at $4.70 on Friday. The firm has a market capitalization of $35.89 million, a PE ratio of -7.34 and a beta of 0.23. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $4.84 and its 200 day moving average is $4.93. Precision Optics has a 1 year low of $3.47 and a 1 year high of $6.90.

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

Hedge Funds Weigh In On Precision Optics

Institutional investors and hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC grew its holdings in shares of Precision Optics by 9.1% during the third quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $2,232,000 after purchasing an additional 33,283 shares during the last quarter. Geode Capital Management LLC boosted its position in Precision Optics by 95.5% during the 3rd quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock worth $292,000 after buying an additional 25,530 shares during the period. Citadel Advisors LLC bought a new stake in Precision Optics during the 4th quarter worth approximately $93,000. Finally, WealthTrust Axiom LLC increased its position in Precision Optics by 3.9% in the 4th quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after acquiring an additional 9,366 shares during the period. Institutional investors and hedge funds own 13.71% of the company’s stock.

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.