Optex Systems Holdings, Inc (NASDAQ:OPXS - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 15,000 shares, an increase of 23.0% from the April 30th total of 12,200 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily volume of 19,000 shares, the short-interest ratio is currently 0.8 days.
Optex Systems Price Performance
OPXS stock traded up $0.34 during midday trading on Friday, reaching $9.55. 72,108 shares of the company's stock traded hands, compared to its average volume of 24,516. Optex Systems has a fifty-two week low of $5.36 and a fifty-two week high of $10.30. The business has a 50-day moving average price of $6.93 and a two-hundred day moving average price of $6.89. The company has a market capitalization of $66.02 million, a P/E ratio of 15.66 and a beta of 0.25.
Optex Systems (NASDAQ:OPXS - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.26 earnings per share for the quarter. Optex Systems had a net margin of 11.87% and a return on equity of 22.99%. The business had revenue of $10.73 million for the quarter.
Insiders Place Their Bets
In other news, CEO Danny Robert Schoening sold 9,787 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.05, for a total transaction of $78,785.35. Following the completion of the sale, the chief executive officer now owns 924,794 shares in the company, valued at approximately $7,444,591.70. The trade was a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 22,000 shares of company stock valued at $176,743 over the last quarter. Company insiders own 30.30% of the company's stock.
Institutional Investors Weigh In On Optex Systems
A number of large investors have recently modified their holdings of OPXS. Topline Capital Management LLC acquired a new stake in Optex Systems in the fourth quarter valued at approximately $5,350,000. Huntleigh Advisors Inc. increased its holdings in 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% in 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. LPL Financial LLC boosted its stake in shares of Optex Systems by 22.5% during 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 last quarter. Finally, Fullcircle Wealth LLC purchased a new position in shares of Optex Systems during the 1st quarter valued at approximately $83,000. Institutional investors and hedge funds own 19.07% of the company's stock.
About Optex Systems
(
Get Free Report)
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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