Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Drops By 39.5%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 29,000 shares, a drop of 39.5% from the March 31st total of 47,900 shares. Based on an average daily volume of 129,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Syntec Optics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company's stock valued at $209,000 after buying an additional 16,033 shares in the last quarter. Blue Owl Capital Holdings LP bought a new position in Syntec Optics in the fourth quarter valued at approximately $125,000. Jane Street Group LLC bought a new position in Syntec Optics in the fourth quarter valued at approximately $86,000. Two Sigma Investments LP acquired a new position in Syntec Optics during the fourth quarter valued at approximately $31,000. Finally, Tower Research Capital LLC TRC lifted its stake in Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company's stock worth $29,000 after purchasing an additional 7,777 shares during the last quarter.

Syntec Optics Stock Performance

NASDAQ OPTX remained flat at $1.47 on Friday. The company's stock had a trading volume of 16,220 shares, compared to its average volume of 950,605. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. The stock's fifty day moving average is $1.32 and its two-hundred day moving average is $1.62. Syntec Optics has a 52-week low of $0.85 and a 52-week high of $8.39.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.