Lightwave Logic Inc. (NASDAQ:LWLG) Short Interest Up 13.8% in April

Lightwave Logic Inc. (NASDAQ:LWLG) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 14,671,893 shares, a growth of 13.8% from the March 31st total of 12,888,793 shares. Based on an average daily volume of 7,823,972 shares, the days-to-cover ratio is currently 1.9 days. Approximately 10.0% of the shares of the stock are sold short.

Insider Buying and Selling at Lightwave Logic

In other Lightwave Logic news, Director Laila Partridge sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.84, for a total transaction of $75,240.00. Following the sale, the director owned 80,723 shares of the company’s stock, valued at approximately $552,145.32. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the transaction, the director owned 294,879 shares in the company, valued at approximately $2,040,562.68. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 116,536 shares of company stock worth $933,349. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Lightwave Logic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in Lightwave Logic in the fourth quarter valued at $33,000. Bernardo Wealth Planning LLC bought a new stake in Lightwave Logic in the fourth quarter valued at approximately $33,000. Dakota Wealth Management acquired a new position in shares of Lightwave Logic in the fourth quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic in the 3rd quarter valued at about $38,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Stock Performance

Shares of LWLG opened at $13.72 on Friday. Lightwave Logic has a twelve month low of $0.82 and a twelve month high of $15.29. The firm’s 50 day moving average price is $8.18 and its 200 day moving average price is $5.54. The firm has a market cap of $2.07 billion, a PE ratio of -80.71 and a beta of 2.75.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Friday, March 20th. The company reported ($0.04) EPS for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The firm had revenue of $0.16 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Lightwave Logic

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.