Optex Systems Holdings Inc. (NASDAQ:OPXS) Sees Significant Growth in Short Interest

Key Points

• Optex Systems Holdings Inc. (NASDAQ:OPXS) experienced a 137.7% increase in short interest in September, with total short interest reaching 18,300 shares.
• Wall Street analysts have mixed ratings on OPXS, with one firm downgrading it from a "strong-buy" to a "buy," while another maintained a "buy (b-)" rating.
• Institutional investors now hold approximately 19.07% of Optex Systems' stock, with notable increases in holdings from firms like Citadel Advisors LLC and Huntleigh Advisors Inc.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 18,300 shares, an increase of 137.7% from the August 31st total of 7,700 shares. Approximately 0.3% of the company's shares are short sold. Based on an average trading volume of 59,100 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 59,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company's shares are short sold.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OPXS. Wall Street Zen cut Optex Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday. Weiss Ratings restated a "buy (b-)" rating on shares of Optex Systems in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".

Institutional Investors Weigh In On Optex Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings in shares of Optex Systems by 23.0% in the fourth 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 period. Huntleigh Advisors Inc. lifted its holdings in Optex Systems by 6.4% in the first 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 period. Fullcircle Wealth LLC purchased a new stake in Optex Systems in the first quarter worth about $83,000. LSV Asset Management purchased a new position in shares of Optex Systems during the second quarter valued at approximately $63,000. Finally, Financial Advocates Investment Management raised its holdings in Optex Systems by 9.8% in the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company's stock worth $130,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 19.07% of the company's stock.

Optex Systems Stock Performance

Shares of OPXS stock traded up $0.15 during mid-day trading on Friday, hitting $12.75. The company's stock had a trading volume of 42,108 shares, compared to its average volume of 34,803. The company's fifty day simple moving average is $11.94 and its 200-day simple moving average is $9.69. Optex Systems has a 52 week low of $5.36 and a 52 week high of $14.60. The company has a market cap of $88.15 million, a PE ratio of 17.00 and a beta of 0.40.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $11.11 million during the quarter. Optex Systems had a return on equity of 24.67% and a net margin of 13.01%.

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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