Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Expands By 22.4%

Key Points

• Short interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) rose by 22.4% in August, with a total short interest of 36,000 shares as of August 31st.
• Hedge fund Two Sigma Investments LP purchased a new position in the company, acquiring 12,189 shares valued at approximately $31,000.
• The company's stock price decreased by 11.3% on Thursday, trading at $1.57, with a 52-week high of $5.10 and a low of $0.85.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 36,000 shares, a growth of 22.4% from the August 15th total of 29,400 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 149,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 149,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Syntec Optics stock. Two Sigma Investments LP purchased a new stake in Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,189 shares of the company's stock, valued at approximately $31,000.

Syntec Optics Stock Up 8.3%

Shares of Syntec Optics stock traded up $0.13 during trading on Friday, reaching $1.70. 139,650 shares of the company were exchanged, compared to its average volume of 315,966. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $5.10. The business has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.49.

About Syntec Optics

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.