Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Down 53.3% in May

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

Optex Systems Stock Up 3.1%

Shares of NASDAQ:OPXS traded up $0.27 during trading on Tuesday, reaching $9.07. 30,782 shares of the company's stock traded hands, compared to its average volume of 26,744. Optex Systems has a fifty-two week low of $5.36 and a fifty-two week high of $11.20. The company has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $6.91. The firm has a market cap of $62.67 million, a PE ratio of 12.77 and a beta of 0.25.

Optex Systems (NASDAQ:OPXS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $10.73 million for the quarter. Optex Systems had a return on equity of 25.10% and a net margin of 13.06%.

Insiders Place Their Bets

In other Optex Systems news, CEO Danny Robert Schoening sold 9,787 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 924,794 shares in the company, valued at approximately $7,444,591.70. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Judd Dayton sold 14,077 shares of Optex Systems stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $9.28, for a total transaction of $130,634.56. Following the transaction, the director now directly owns 787,806 shares of the company's stock, valued at approximately $7,310,839.68. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,377 shares of company stock valued at $347,112. Company insiders own 30.30% of the company's stock.

Institutional Investors Weigh In On Optex Systems

A number of institutional investors have recently added to or reduced their stakes in OPXS. Fullcircle Wealth LLC purchased a new position in Optex Systems during the first quarter valued at $83,000. Huntleigh Advisors Inc. raised its position in shares of Optex Systems by 6.4% during the 1st quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock worth $190,000 after purchasing an additional 2,021 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company's stock worth $162,000 after purchasing an additional 4,431 shares during the last quarter. Topline Capital Management LLC purchased a new position in Optex Systems in the 4th quarter valued at about $5,350,000. Finally, LPL Financial LLC boosted its holdings 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. 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.