Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

Key Points

• Short Interest Surge: Syntec Optics Holdings, Inc. experienced a 376.7% increase in short interest in September, rising to 171,600 shares from 36,000 shares.
• Price Movement: The stock traded at $1.58 with a 52-week range between $0.85 and $5.10, and has a 50-day average of $1.67.
• Institutional Investment: Two Sigma Investments LP purchased 12,189 shares of Syntec Optics, marking a new institutional position in the company.

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 171,600 shares, a growth of 376.7% from the August 31st total of 36,000 shares. Based on an average trading volume of 166,600 shares, the short-interest ratio is presently 1.0 days. Approximately 2.9% of the shares of the stock are short sold. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 166,600 shares, the short-interest ratio is presently 1.0 days.

Syntec Optics Price Performance

NASDAQ:OPTX traded up $0.03 during trading hours on Wednesday, reaching $1.58. The company's stock had a trading volume of 38,560 shares, compared to its average volume of 141,644. The firm has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.50. Syntec Optics has a 1 year low of $0.85 and a 1 year high of $5.10.

Institutional Investors Weigh In On Syntec Optics

An institutional investor recently bought a new position in Syntec Optics stock. Two Sigma Investments LP purchased a new position in Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,189 shares of the company's stock, valued at approximately $31,000.

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.

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