Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Sees Significant Decline in Short Interest

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. Approximately 0.5% of the company's shares are short sold. Based on an average daily volume of 129,700 shares, the short-interest ratio is currently 0.2 days.

Syntec Optics Trading Up 3.0 %

Shares of NASDAQ OPTX traded up $0.05 during trading hours on Tuesday, hitting $1.53. 32,310 shares of the company traded hands, compared to its average volume of 942,721. The company's 50 day moving average price is $1.32 and its 200 day moving average price is $1.62. Syntec Optics has a 12 month low of $0.85 and a 12 month high of $8.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 1.34.

Institutional Inflows and Outflows

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

About Syntec Optics

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.

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