Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Down 77.1% in May

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 5,200 shares, a drop of 77.1% from the April 30th total of 22,700 shares. Based on an average daily volume of 109,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company's shares are sold short.

Hedge Funds Weigh In On Syntec Optics

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of Syntec Optics by 205.8% in the 4th 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 period. Two Sigma Investments LP acquired a new position in shares of Syntec Optics during the fourth quarter valued at about $31,000. Jane Street Group LLC bought a new stake in shares of Syntec Optics during the fourth quarter worth about $86,000. Blue Owl Capital Holdings LP acquired a new stake in shares of Syntec Optics in the 4th quarter worth about $125,000. Finally, Geode Capital Management LLC raised its holdings 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 worth $209,000 after acquiring an additional 16,033 shares during the last quarter.

Syntec Optics Trading Down 4.2%

OPTX traded down $0.07 during trading on Monday, hitting $1.59. The company's stock had a trading volume of 27,974 shares, compared to its average volume of 950,898. The stock's fifty day moving average price is $1.41 and its 200-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $8.39.

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.