Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

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

Syntec Optics Trading Down 5.5%

OPTX stock traded down $0.10 during mid-day trading on Friday, hitting $1.63. 37,731 shares of the stock were exchanged, compared to its average volume of 950,792. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $1.41 and a 200 day moving average price of $1.64. Syntec Optics has a 12 month low of $0.85 and a 12 month high of $8.39.

Institutional Investors Weigh In On Syntec Optics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted 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 acquiring an additional 7,777 shares during the last quarter. Two Sigma Investments LP purchased a new position in Syntec Optics during the 4th quarter valued at about $31,000. Jane Street Group LLC purchased a new position in Syntec Optics during the 4th quarter valued at about $86,000. Blue Owl Capital Holdings LP purchased a new position in Syntec Optics during the 4th quarter valued at about $125,000. Finally, Geode Capital Management LLC increased 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 period.

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.