Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Up 141.3% in July

Key Points

• Syntec Optics Holdings, Inc. experienced a significant increase in short interest of 141.3% in July, with total short interest rising to 69,500 shares.
• Several large institutional investors, including Two Sigma Investments and Blue Owl Capital, have recently initiated new positions or increased their stakes in Syntec Optics.
• As of the last trading update, shares of Syntec Optics are down 0.9%, trading at $1.49, with a 52-week range between $0.85 and $5.10.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - ) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 69,500 shares, agrowthof141.3% from the July 15th total of 28,800 shares. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is presently 0.8 days. Approximately1.2% of the company's shares are sold short. Approximately1.2% of the company's shares are sold short. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Syntec Optics

Several large investors have recently added to or reduced their stakes in OPTX. Two Sigma Investments LP bought a new stake in shares of Syntec Optics during the 4th quarter worth $31,000. Jane Street Group LLC acquired a new position in shares of Syntec Optics in the 4th quarter valued at $86,000. Blue Owl Capital Holdings LP acquired a new position in shares of Syntec Optics in the 4th quarter valued at $125,000. Tower Research Capital LLC TRC raised 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Syntec Optics by 23.9% during the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company's stock worth $209,000 after purchasing an additional 16,033 shares in the last quarter.

Syntec Optics Stock Down 0.9%

Shares of OPTX opened at $1.49 on Friday. The company's 50 day moving average price is $1.52 and its 200 day moving average price is $1.50. Syntec Optics has a 52 week low of $0.85 and a 52 week high of $5.10.

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.

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