Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Update

Key Points

• Optex Systems experienced a significant decline in short interest, with a drop of 70.9% in shares sold short, from 26,500 to 7,700, as of August 31st.
• Wall Street analysts upgraded Optex Systems to a "strong-buy" rating, indicating increased confidence in the company's growth prospects.
• Insider activity showed that major shareholders sold a total of 119,522 shares in the last 90 days, signaling potential strategic shifts within the company.

Optex Systems Holdings Inc. (NASDAQ:OPXS - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,700 shares, a decline of 70.9% from the August 15th total of 26,500 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 71,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 71,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

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

Optex Systems Price Performance

NASDAQ OPXS opened at $11.84 on Friday. The business's fifty day moving average is $11.93 and its 200-day moving average is $8.92. The stock has a market capitalization of $81.81 million, a price-to-earnings ratio of 15.79 and a beta of 0.39. Optex Systems has a one year low of $5.36 and a one year high of $14.60.

Optex Systems (NASDAQ:OPXS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $11.11 million for the quarter.

Insider Activity at Optex Systems

In other news, major shareholder Topline Capital Partners, Lp sold 47,700 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $11.68, for a total value of $557,136.00. Following the completion of the sale, the insider owned 691,256 shares in the company, valued at $8,073,870.08. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director R. Rimmy Malhotra sold 15,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $11.01, for a total transaction of $165,150.00. Following the completion of the sale, the director owned 94,278 shares of the company's stock, valued at approximately $1,038,000.78. This represents a 13.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,522 shares of company stock valued at $1,324,192 over the last 90 days. Insiders own 30.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake 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 worth $162,000 after acquiring an additional 4,431 shares during the period. Huntleigh Advisors Inc. lifted its holdings in Optex Systems by 6.4% during the first quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company's stock valued at $190,000 after purchasing an additional 2,021 shares during the last quarter. Fullcircle Wealth LLC bought a new position in Optex Systems during the first quarter worth about $83,000. LSV Asset Management purchased a new position in shares of Optex Systems in the second quarter worth about $63,000. Finally, Financial Advocates Investment Management raised its position in shares of Optex Systems by 9.8% in 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 period. Hedge funds and other institutional investors own 19.07% of the company's stock.

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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