Optex Systems Holdings Inc. (NASDAQ:OPXS) Sees Large Decrease in Short Interest

Key Points

• Optex Systems Holdings Inc. (NASDAQ: OPXS) experienced a significant reduction in short interest, dropping by 56.5% from 32,900 shares to 14,300 shares in July.
• The company's quarterly earnings report showed an EPS of $0.22, with a revenue of $11.11 million and a net margin of 13.01%.
• Following recent transactions, CEO Danny Robert Schoening and major shareholder Topline Capital Partners sold a total of 57,727 shares of the company, impacting their ownership stakes.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 14,300 shares, adeclineof56.5% from the July 15th total of 32,900 shares. Currently,0.3% of the company's stock are short sold. Based on an average daily volume of 69,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 69,000 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.3% of the company's stock are short sold.

Insiders Place Their Bets

In other Optex Systems news, major shareholder Topline Capital Partners, Lp sold 47,700 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $11.68, for a total transaction of $557,136.00. Following the transaction, the insider owned 691,256 shares in the company, valued at $8,073,870.08. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judd Dayton sold 14,077 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.28, for a total value of $130,634.56. Following the transaction, the director owned 787,806 shares in the company, valued at approximately $7,310,839.68. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,022 shares of company stock worth $1,347,817 over the last quarter. 30.30% of the stock is owned by corporate insiders.

Institutional Trading of Optex Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new stake in Optex Systems during the second quarter valued at approximately $304,000. Raymond James Financial Inc. acquired a new stake in Optex Systems during the second quarter valued at approximately $30,000. Archon Capital Management LLC acquired a new stake in Optex Systems during the second quarter valued at approximately $332,000. Marshall Wace LLP bought a new position in shares of Optex Systems during the second quarter valued at approximately $604,000. Finally, Financial Advocates Investment Management grew its holdings 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 valued at $130,000 after purchasing an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 19.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Optex Systems to a "strong-buy" rating in a research note on Friday, June 27th.

Optex Systems Trading Up 0.8%

NASDAQ OPXS traded up $0.08 on Friday, hitting $10.40. 40,092 shares of the stock traded hands, compared to its average volume of 41,250. The stock has a 50-day moving average of $11.77 and a 200 day moving average of $8.41. Optex Systems has a twelve month low of $5.36 and a twelve month high of $14.60. The company has a market capitalization of $71.86 million, a P/E ratio of 13.87 and a beta of 0.34.

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

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.