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 large drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,700 shares, a drop of 70.9% from the August 15th total of 26,500 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 71,700 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, Director R. Rimmy Malhotra sold 15,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $11.01, for a total value of $165,150.00. Following the completion of the sale, the director directly owned 94,278 shares of the company's stock, valued at approximately $1,038,000.78. This represents a 13.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Topline Capital Partners, Lp sold 47,700 shares of the 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 sale, the insider owned 691,256 shares of the company's stock, valued at $8,073,870.08. This trade represents a 6.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,645 shares of company stock worth $1,177,447. 30.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Optex Systems

Large investors have recently made changes to their positions in the stock. Financial Advocates Investment Management boosted its holdings in 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 in the last quarter. Huntleigh Advisors Inc. boosted its stake in shares of 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 acquiring an additional 2,021 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Optex Systems in the 2nd quarter worth approximately $30,000. Citadel Advisors LLC increased its stake in 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. Finally, LSV Asset Management purchased a new position in Optex Systems in the 2nd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 19.07% of the company's stock.

Analysts Set New Price Targets

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

Optex Systems Price Performance

NASDAQ OPXS traded up $0.06 on Wednesday, hitting $12.24. 10,399 shares of the company's stock were exchanged, compared to its average volume of 40,877. The firm's 50-day moving average price is $11.92 and its two-hundred day moving average price is $9.07. The firm has a market cap of $84.54 million, a price-to-earnings ratio of 16.31 and a beta of 0.39. Optex Systems has a fifty-two week low of $5.36 and a fifty-two week 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 earnings per share for the quarter. The firm 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%.

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.