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

Key Points

• Laser Photonics Co. experienced a significant increase in short interest, rising by 244.2% to a total of 1,440,000 shares as of September 30th.
• Jones Financial Companies Lllp dramatically raised its stake in the company by 7,350.9% during the first quarter, owning about 1.08% of the company after acquiring an additional 147,017 shares.
• Shares of Laser Photonics fell by 2.5%, closing at $3.87, with a one-year low of $1.71 and a one-year high of $7.37.

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,440,000 shares, a growth of 244.2% from the September 15th total of 418,400 shares. Based on an average daily volume of 5,450,000 shares, the short-interest ratio is currently 0.3 days. Currently, 26.4% of the shares of the stock are short sold. Currently, 26.4% of the shares of the stock are short sold. Based on an average daily volume of 5,450,000 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Laser Photonics

A hedge fund recently raised its stake in Laser Photonics stock. Jones Financial Companies Lllp lifted its stake in shares of Laser Photonics Co. (NASDAQ:LASE - Free Report) by 7,350.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,017 shares of the company's stock after purchasing an additional 147,017 shares during the quarter. Jones Financial Companies Lllp owned about 1.08% of Laser Photonics worth $457,000 at the end of the most recent reporting period. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Stock Down 2.5%

Shares of NASDAQ:LASE traded down $0.10 during trading on Friday, hitting $3.87. 309,610 shares of the company were exchanged, compared to its average volume of 1,925,451. The business's 50 day moving average is $3.68 and its 200-day moving average is $3.03. The company has a market capitalization of $55.25 million, a P/E ratio of -12.90 and a beta of 3.20. Laser Photonics has a 1-year low of $1.71 and a 1-year high of $7.37.

Laser Photonics (NASDAQ:LASE - Get Free Report) last posted its quarterly earnings data on Friday, August 15th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LASE shares. Weiss Ratings restated a "sell (d+)" rating on shares of Laser Photonics in a research note on Wednesday, October 8th. Wall Street Zen upgraded Laser Photonics from a "sell" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.

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