Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Down 24.1% in February

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,118,431 shares, a drop of 24.1% from the January 29th total of 1,473,434 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily volume of 1,184,706 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 1,184,706 shares, the short-interest ratio is presently 0.9 days. Approximately 3.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Syntec Optics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPTX. Jane Street Group LLC boosted its stake in shares of Syntec Optics by 16.0% during the 4th quarter. Jane Street Group LLC now owns 13,684 shares of the company’s stock worth $39,000 after buying an additional 1,891 shares during the last quarter. State Street Corp boosted its position in Syntec Optics by 20.6% during the fourth quarter. State Street Corp now owns 42,800 shares of the company’s stock valued at $122,000 after purchasing an additional 7,300 shares during the last quarter. Magnus Financial Group LLC acquired a new position in Syntec Optics during the fourth quarter valued at approximately $36,000. Finally, Arosa Capital Management LP bought a new position in Syntec Optics in the fourth quarter valued at approximately $715,000.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Syntec Optics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Syntec Optics in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Syntec Optics Stock Up 16.8%

NASDAQ OPTX traded up $1.08 during trading on Monday, hitting $7.50. The stock had a trading volume of 574,297 shares, compared to its average volume of 1,622,480. Syntec Optics has a 12 month low of $1.02 and a 12 month high of $9.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 1.22. The company’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $2.95. The company has a market capitalization of $276.90 million, a PE ratio of -93.75 and a beta of -1.06.

Syntec Optics Company Profile

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.