LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,107,214 shares, an increase of 43.5% from the December 15th total of 1,468,042 shares. Based on an average trading volume of 1,946,188 shares, the short-interest ratio is presently 1.1 days. Currently, 6.2% of the company’s shares are short sold. Currently, 6.2% of the company’s shares are short sold. Based on an average trading volume of 1,946,188 shares, the short-interest ratio is presently 1.1 days.

LightPath Technologies Stock Down 4.6%

LPTH traded down $0.60 during trading on Friday, hitting $12.57. The stock had a trading volume of 3,608,565 shares, compared to its average volume of 2,488,275. LightPath Technologies has a twelve month low of $1.61 and a twelve month high of $15.04. The stock has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $6.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.98. The company has a market capitalization of $572.31 million, a PE ratio of -32.23 and a beta of 0.98.

Insider Buying and Selling

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 770,321 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the sale, the director directly owned 2,728,968 shares in the company, valued at $31,983,504.96. This represents a 22.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 24.80% of the company’s stock.

Hedge Funds Weigh In On LightPath Technologies

Several hedge funds and other institutional investors have recently modified their holdings of LPTH. Thompson Davis & CO. Inc. grew its position in LightPath Technologies by 11.8% during the 4th quarter. Thompson Davis & CO. Inc. now owns 63,600 shares of the technology company’s stock worth $687,000 after purchasing an additional 6,691 shares during the last quarter. Wealth Effects LLC grew its holdings in shares of LightPath Technologies by 5.8% during the second quarter. Wealth Effects LLC now owns 136,000 shares of the technology company’s stock valued at $419,000 after buying an additional 7,500 shares during the last quarter. Lake Street Private Wealth LLC acquired a new position in shares of LightPath Technologies in the 4th quarter valued at $108,000. Occudo Quantitative Strategies LP purchased a new position in LightPath Technologies in the 3rd quarter worth $82,000. Finally, Hudson Bay Capital Management LP acquired a new stake in LightPath Technologies during the 3rd quarter worth about $84,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LPTH shares. HC Wainwright raised their price target on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Lake Street Capital lifted their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.