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

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 - Get Free Report) was the target of a significant growth in short interest during 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. Currently,1.2% of the shares of the stock are short sold. Based on an average daily volume of 88,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 88,500 shares, the days-to-cover ratio is currently 0.8 days. Currently,1.2% of the shares of the stock are short sold.

Syntec Optics Stock Up 2.1%

Shares of OPTX stock traded up $0.03 during trading hours on Thursday, hitting $1.47. The company's stock had a trading volume of 27,007 shares, compared to its average volume of 120,732. The business has a fifty day moving average of $1.51 and a 200-day moving average of $1.48. Syntec Optics has a twelve month low of $0.8451 and a twelve month high of $5.10.

Institutional Trading of Syntec Optics

Large investors have recently modified their holdings of the business. Two Sigma Investments LP acquired a new stake in shares of Syntec Optics in the fourth quarter valued at approximately $31,000. Jane Street Group LLC purchased a new position in shares of Syntec Optics during the fourth quarter valued at approximately $86,000. Tower Research Capital LLC TRC lifted 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 period. Geode Capital Management LLC lifted its stake in shares of Syntec Optics by 23.9% during the fourth 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 during the period. Finally, Blue Owl Capital Holdings LP purchased a new position in shares of Syntec Optics during the fourth quarter valued at approximately $125,000.

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.