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

Key Points

• Optex Systems Holdings Inc. experienced a 67.2% increase in short interest in September, rising from 18,300 shares to 30,600 shares.
• Several hedge funds have recently increased their stakes in OPXS, with Osaic Holdings Inc. leading with a 454.3% increase in their position during the second quarter.
• The stock currently has a consensus rating of "Buy" from analysts, although Wall Street Zen has recently downgraded it from "strong-buy" to "buy."

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 30,600 shares, an increase of 67.2% from the September 15th total of 18,300 shares. Based on an average daily volume of 58,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 58,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Optex Systems

Several hedge funds have recently added to or reduced their stakes in OPXS. Raymond James Financial Inc. acquired a new position in Optex Systems in the second quarter valued at about $30,000. LSV Asset Management acquired a new position in Optex Systems in the second quarter valued at about $63,000. Fullcircle Wealth LLC acquired a new position in Optex Systems in the first quarter valued at about $83,000. Financial Advocates Investment Management raised its position in shares of Optex Systems by 9.8% during the second quarter. Financial Advocates Investment Management now owns 11,339 shares of the company's stock worth $130,000 after purchasing an additional 1,012 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Optex Systems by 454.3% during the second quarter. Osaic Holdings Inc. now owns 12,750 shares of the company's stock worth $146,000 after purchasing an additional 10,450 shares during the period. Institutional investors and hedge funds own 19.07% of the company's stock.

Optex Systems Price Performance

Shares of OPXS stock traded up $0.72 during trading hours on Tuesday, hitting $17.37. 19,910 shares of the company's stock were exchanged, compared to its average volume of 43,140. The stock's 50-day moving average is $12.49 and its 200-day moving average is $10.45. The stock has a market cap of $120.03 million, a price-to-earnings ratio of 22.95 and a beta of 0.40. Optex Systems has a 52 week low of $5.36 and a 52 week high of $17.76.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted 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 for the quarter. Optex Systems had a return on equity of 24.67% and a net margin of 13.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OPXS shares. Wall Street Zen lowered Optex Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th. Weiss Ratings restated a "buy (b-)" rating on shares of Optex Systems in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

About Optex Systems

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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