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MSFT   414.92 (-0.14%)
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NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
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Syntec Optics (OPTX) Short Interest Ratio & Short Volume

$5.60
+0.49 (+9.59%)
(As of 03/4/2024 ET)

Syntec Optics Short Interest Data

Current Short Volume
29,600 shares
Previous Short Volume
23,300 shares
Change Vs. Previous Month
+27.04%
Dollar Volume Sold Short
$161,616.00
Short Interest Ratio / Days to Cover
1.6
Last Record Date
February 15, 2024
Outstanding Shares
6,140,000 shares
Float Size
3,060,000 shares
Short Percent of Float
0.97%
Today's Trading Volume
45,379 shares
Average Trading Volume
8,069 shares
Today's Volume Vs. Average
562%
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OPTX Short Interest Over Time

OPTX Days to Cover Over Time

OPTX Percentage of Float Shorted Over Time


Syntec Optics Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/15/202429,600 shares $161,616.00 +27.0%1.0%1.6 $5.46
1/31/202423,300 shares $110,675.00 No Change0.8%0.1 $4.75













OPTX Short Interest - Frequently Asked Questions

What is Syntec Optics' current short interest?

Short interest is the volume of Syntec Optics shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 29,600 shares of OPTX short. 0.97% of Syntec Optics' shares are currently sold short. Learn More on Syntec Optics' current short interest.

What is a good short interest ratio for Syntec Optics?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. OPTX shares currently have a short interest ratio of 2.0. Learn More on Syntec Optics's short interest ratio.

What is a good short interest percentage for Syntec Optics?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.97% of Syntec Optics' floating shares are currently sold short.

Is Syntec Optics' short interest increasing or decreasing?

Syntec Optics saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 29,600 shares, an increase of 27.0% from the previous total of 23,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Syntec Optics' float size?

Syntec Optics currently has issued a total of 6,140,000 shares. Some of Syntec Optics' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Syntec Optics currently has a public float of 3,060,000 shares.

How does Syntec Optics' short interest compare to its competitors?

0.97% of Syntec Optics' shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to Syntec Optics: Swvl Holdings Corp. (2.50%), Caravelle International Group (1.34%), Rubicon Technologies, Inc. (1.72%), Abits Group Inc. (0.97%), Urgent.ly Inc. (0.84%), Stran & Company, Inc. (0.56%), Duos Technologies Group, Inc. (0.62%), MicroAlgo Inc. (5.02%), Aeries Technology, Inc (0.96%), AppTech Payments Corp. (1.73%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

What does it mean to sell short Syntec Optics stock?

Short selling OPTX is an investing strategy that aims to generate trading profit from Syntec Optics as its price is falling. OPTX shares are trading up $0.49 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Syntec Optics?

A short squeeze for Syntec Optics occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of OPTX, which in turn drives the price of the stock up even further.

How often is Syntec Optics' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including OPTX, twice per month. The most recent reporting period available is February, 15 2024.



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This page (NASDAQ:OPTX) was last updated on 3/4/2024 by MarketBeat.com Staff