Optex Systems Holdings, Inc (NASDAQ:OPXS) Sees Significant Drop in Short Interest

Optex Systems Holdings, Inc (NASDAQ:OPXS - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 7,000 shares, a decrease of 53.3% from the May 15th total of 15,000 shares. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Optex Systems Trading Down 5.2%

Shares of OPXS stock traded down $0.49 during mid-day trading on Friday, reaching $9.01. The stock had a trading volume of 84,414 shares, compared to its average volume of 26,467. The company has a market cap of $62.29 million, a P/E ratio of 14.77 and a beta of 0.25. Optex Systems has a 12-month low of $5.36 and a 12-month high of $11.20. The business has a 50-day simple moving average of $7.39 and a 200 day simple moving average of $6.92.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.26 EPS for the quarter. The business had revenue of $10.73 million for the quarter. Optex Systems had a return on equity of 22.99% and a net margin of 11.87%.

Insiders Place Their Bets

In other news, CEO Danny Robert Schoening sold 9,787 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.05, for a total value of $78,785.35. Following the completion of the transaction, the chief executive officer now owns 924,794 shares in the company, valued at $7,444,591.70. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 22,000 shares of company stock worth $176,743. 30.30% of the stock is owned by corporate insiders.

Institutional Trading of Optex Systems

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc acquired a new stake in Optex Systems in the 4th quarter worth about $71,000. Fullcircle Wealth LLC acquired a new stake in Optex Systems in the 1st quarter worth about $83,000. LPL Financial LLC boosted its stake in Optex Systems by 22.5% in the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company's stock worth $149,000 after buying an additional 4,000 shares during the last quarter. Citadel Advisors LLC boosted its stake in Optex Systems by 23.0% in the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock worth $162,000 after buying an additional 4,431 shares during the last quarter. Finally, Huntleigh Advisors Inc. boosted its stake in Optex Systems by 6.4% in the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock worth $190,000 after buying an additional 2,021 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company's stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.

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