Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Increases By 336.5%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the target of a large increase in short interest during the month of 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 trading volume, of 106,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company's shares are sold short.

Institutional Trading of Syntec Optics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $209,000 after purchasing an additional 16,033 shares during the period. Blue Owl Capital Holdings LP acquired a new stake in shares of Syntec Optics during the 4th quarter worth approximately $125,000. Jane Street Group LLC acquired a new stake in shares of Syntec Optics during the 4th quarter worth approximately $86,000. Two Sigma Investments LP acquired a new stake in shares of Syntec Optics during the 4th quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC grew its position in shares of 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 buying an additional 7,777 shares during the period.

Syntec Optics Trading Down 8.7%

NASDAQ:OPTX traded down $0.13 on Friday, reaching $1.37. 72,035 shares of the stock traded hands, compared to its average volume of 953,483. The company's 50 day moving average is $1.46 and its 200-day moving average is $1.68. 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 has a 1-year low of $0.85 and a 1-year high of $8.39.

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.