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

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 22,700 shares, an increase of 336.5% from the May 15th total of 5,200 shares. Based on an average daily volume of 106,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in 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. Tower Research Capital LLC TRC increased its position in Syntec Optics by 205.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company's stock worth $29,000 after purchasing an additional 7,777 shares in the last quarter. Blue Owl Capital Holdings LP acquired a new stake in Syntec Optics during the 4th quarter worth approximately $125,000. Jane Street Group LLC acquired a new stake in Syntec Optics during the 4th quarter worth approximately $86,000. Finally, Two Sigma Investments LP acquired a new stake in Syntec Optics during the 4th quarter worth approximately $31,000.

Syntec Optics Stock Performance

Shares of NASDAQ OPTX traded down $0.09 during trading on Thursday, reaching $1.50. The company had a trading volume of 52,267 shares, compared to its average volume of 953,210. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $8.39. The stock has a 50-day moving average price of $1.45 and a two-hundred day moving average price of $1.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 1.34.

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.