Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Down 56.5% in July

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) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,300 shares, adropof56.5% from the July 15th total of 32,900 shares. Based on an average daily volume of 69,000 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.3% of the shares of the stock are sold short. Currently,0.3% of the shares of the stock are sold short. Based on an average daily volume of 69,000 shares, the days-to-cover ratio is presently 0.2 days.

Optex Systems Stock Up 0.3%

OPXS traded up $0.03 during midday trading on Friday, reaching $11.75. The company had a trading volume of 26,309 shares, compared to its average volume of 62,656. The business has a 50-day moving average of $11.69 and a two-hundred day moving average of $8.31. The company has a market cap of $81.24 million, a P/E ratio of 15.67 and a beta of 0.34. Optex Systems has a 1 year low of $5.36 and a 1 year high of $14.60.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Optex Systems to a "strong-buy" rating in a research report on Friday, June 27th.

Insider Buying and Selling

In other news, CEO Danny Robert Schoening sold 10,027 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $8.01, for a total transaction of $80,316.27. Following the completion of the transaction, the chief executive officer owned 934,581 shares of the company's stock, valued at approximately $7,485,993.81. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 47,700 shares of Optex Systems stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $11.68, for a total value of $557,136.00. Following the sale, the insider directly owned 691,256 shares of the company's stock, valued at approximately $8,073,870.08. This trade represents a 6.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,022 shares of company stock worth $1,524,559 in the last 90 days. 30.30% of the stock is owned by company insiders.

Institutional Trading of Optex Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Advocates Investment Management lifted its stake 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 buying an additional 1,012 shares during the period. Huntleigh Advisors Inc. lifted its holdings in shares of Optex Systems by 6.4% during the first 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 period. Raymond James Financial Inc. purchased a new stake in Optex Systems in the second quarter valued at approximately $30,000. LPL Financial LLC lifted its holdings in shares of Optex Systems by 22.5% in the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company's stock valued at $149,000 after buying an additional 4,000 shares during the period. Finally, Citadel Advisors LLC increased its holdings 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 valued at $162,000 after purchasing an additional 4,431 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.