Precision Optics Corp. (NASDAQ:POCI) Shares Shorted: Short Interest Down 90.2% in October

Precision Optics Corp. (NASDAQ:POCI) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,951 shares, a decrease of 90.2% from the September 30th total of 40,488 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 24,491 shares, the days-to-cover ratio is currently 0.2 days.

Precision Optics Stock Up 0.5%

Precision Optics stock traded up $0.02 during midday trading on Monday, reaching $4.35. The company’s stock had a trading volume of 16,996 shares, compared to its average volume of 40,631. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.28 and a quick ratio of 1.84. The stock has a market capitalization of $47.72 million, a P/E ratio of -9.46 and a beta of 0.34. The stock’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $4.65. Precision Optics has a 52-week low of $3.55 and a 52-week high of $6.15.

Precision Optics (NASDAQ:POCI) last issued its quarterly earnings results on Monday, September 28th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. Precision Optics had a negative return on equity of 23.92% and a negative net margin of 11.51%. The business had revenue of $8.77 million for the quarter, compared to analyst estimates of $7.10 million.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Precision Optics to a “hold” rating in a report on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Precision Optics

Precision Optics Corporation, Inc is a medical technology company that develops and manufactures advanced optical systems and components for minimally invasive medical procedures. The company works primarily with medical device manufacturers, providing specialized imaging technologies designed to support visualization during surgery and other clinical applications.

Its product portfolio includes rigid and flexible endoscopes, three-dimensional endoscopic systems, disposable and reusable visualization devices, surgical cameras, and custom optical assemblies.