Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Up 43.7% in January

Optex Systems Holdings Inc. (NASDAQ:OPXS) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 63,709 shares, an increase of 43.7% from the December 31st total of 44,349 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 73,720 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 73,720 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.3% of the shares of the company are short sold.

Optex Systems Price Performance

Shares of NASDAQ:OPXS opened at $14.93 on Friday. The stock has a market cap of $103.61 million, a price-to-earnings ratio of 19.91 and a beta of 0.64. Optex Systems has a 12 month low of $5.36 and a 12 month high of $17.76. The stock’s 50 day moving average price is $14.44 and its 200 day moving average price is $13.70.

Insider Transactions at Optex Systems

In other Optex Systems news, Director Danny Robert Schoening sold 34,147 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $13.87, for a total value of $473,618.89. Following the completion of the transaction, the director owned 873,161 shares in the company, valued at approximately $12,110,743.07. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 110,578 shares of company stock worth $1,510,898. Insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Optex Systems in the 2nd quarter valued at about $30,000. Bank of America Corp DE raised its holdings in shares of Optex Systems by 6,439.6% in the 3rd quarter. Bank of America Corp DE now owns 3,466 shares of the company’s stock worth $45,000 after purchasing an additional 3,413 shares in the last quarter. LSV Asset Management acquired a new stake in Optex Systems during the second quarter valued at approximately $63,000. Bridgeway Capital Management LLC bought a new stake in Optex Systems during the third quarter worth approximately $142,000. Finally, Financial Advocates Investment Management grew its position in Optex Systems by 9.8% in the second quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock worth $130,000 after buying an additional 1,012 shares during the last quarter. 19.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OPXS has been the subject of a number of recent analyst reports. Wall Street Zen lowered Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings raised Optex Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Optex Systems currently has an average rating of “Buy”.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.