Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,292,396 shares, an increase of 83.7% from the January 15th total of 703,601 shares. Based on an average daily volume of 707,763 shares, the days-to-cover ratio is presently 1.8 days. Approximately 5.8% of the shares of the company are sold short. Approximately 5.8% of the shares of the company are sold short. Based on an average daily volume of 707,763 shares, the days-to-cover ratio is presently 1.8 days.

Laser Photonics Stock Down 7.7%

Shares of LASE stock traded down $0.06 during trading hours on Friday, reaching $0.77. 1,936,786 shares of the company’s stock were exchanged, compared to its average volume of 2,185,938. Laser Photonics has a fifty-two week low of $0.38 and a fifty-two week high of $6.77. The stock has a market capitalization of $17.43 million, a P/E ratio of -0.61 and a beta of 3.39. The business has a fifty day moving average price of $2.11 and a 200-day moving average price of $3.00.

Institutional Trading of Laser Photonics

Several hedge funds and other institutional investors have recently bought and sold shares of LASE. Vanguard Group Inc. lifted its stake in shares of Laser Photonics by 7.7% in the third 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. Jones Financial Companies Lllp raised its holdings in Laser Photonics by 7,350.9% in the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after acquiring an additional 147,017 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Laser Photonics by 94.8% in the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after acquiring an additional 70,065 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Laser Photonics by 500.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock worth $26,000 after purchasing an additional 5,000 shares in the last quarter. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of Laser Photonics during the fourth quarter valued at approximately $339,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Laser Photonics from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Laser Photonics has an average rating of “Sell”.

Laser Photonics Company Profile

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.