Laser Photonics Co. (NASDAQ:LASE) Short Interest Down 39.8% in January

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 703,601 shares, a decrease of 39.8% from the December 31st total of 1,168,181 shares. Based on an average daily volume of 631,827 shares, the short-interest ratio is presently 1.1 days. Currently, 3.1% of the company’s stock are sold short. Currently, 3.1% of the company’s stock are sold short. Based on an average daily volume of 631,827 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

LASE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Laser Photonics in a report on Wednesday, October 8th. Wall Street Zen cut shares of Laser Photonics from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Laser Photonics presently has a consensus rating of “Sell”.

Laser Photonics Stock Performance

Shares of NASDAQ:LASE opened at $2.04 on Friday. The stock has a 50 day moving average price of $2.55 and a 200-day moving average price of $3.15. The firm has a market capitalization of $45.46 million, a P/E ratio of -1.61 and a beta of 3.37. Laser Photonics has a 52-week low of $1.71 and a 52-week high of $6.77.

Hedge Funds Weigh In On Laser Photonics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Laser Photonics by 7,350.9% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock worth $457,000 after buying an additional 147,017 shares in the last quarter. Stephens Inc. AR purchased a new stake in Laser Photonics during the 3rd quarter valued at $81,000. Essex Investment Management Co. LLC purchased a new stake in Laser Photonics during the 3rd quarter valued at $118,000. Vanguard Group Inc. lifted its holdings in shares of Laser Photonics by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock valued at $1,437,000 after buying an additional 23,792 shares during the period. Finally, Anson Funds Management LP purchased a new position in shares of Laser Photonics in the 3rd quarter worth $1,776,000. 1.90% of the stock is currently owned by institutional investors.

About Laser Photonics

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high‐power fiber‐optic laser solutions and high‐speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber‐optic lasers tailored for material processing applications.