Precision Optics Co., Inc. (NASDAQ:POCI) Sees Large Increase in Short Interest

by · The Cerbat Gem

Precision Optics Co., Inc. (NASDAQ:POCI – Get Free Report) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 14,500 shares, a growth of 66.7% from the November 30th total of 8,700 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 1.0 days.

Precision Optics Stock Down 2.7 %

Precision Optics stock traded down $0.14 during midday trading on Friday, hitting $5.01. 9,176 shares of the stock were exchanged, compared to its average volume of 9,684. Precision Optics has a 52-week low of $3.47 and a 52-week high of $6.90. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $4.79 and its 200-day moving average price is $5.31. The stock has a market capitalization of $31.81 million, a price-to-earnings ratio of -8.08 and a beta of 0.29.

Precision Optics (NASDAQ:POCI – Get Free Report) last released its earnings results on Monday, September 30th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $4.72 million during the quarter. Precision Optics had a negative net margin of 20.01% and a negative return on equity of 35.51%.

Insider Activity

In other news, Director Peter V. Anania sold 14,400 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 196,198 shares in the company, valued at $980,990. This represents a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Precision Optics

An institutional investor recently raised its position in Precision Optics stock. Geode Capital Management LLC boosted its stake in shares of Precision Optics Co., Inc. (NASDAQ:POCI – Free Report) by 95.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,268 shares of the company’s stock after buying an additional 25,530 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of Precision Optics worth $292,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.71% of the company’s stock.

About Precision Optics

(Get Free Report)

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.

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