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

by · The Cerbat Gem

Syntec Optics Holdings, Inc. (NASDAQ:OPTX – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 89,200 shares, a growth of 168.7% from the October 15th total of 33,200 shares. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 1.8 days. Currently, 1.5% of the shares of the company are sold short.

Syntec Optics Stock Down 30.5 %

OPTX traded down $0.46 on Friday, reaching $1.05. The stock had a trading volume of 195,658 shares, compared to its average volume of 202,425. The business’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.96. Syntec Optics has a 12-month low of $0.95 and a 12-month high of $10.43. The company has a quick ratio of 0.65, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Syntec Optics (NASDAQ:OPTX – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $7.01 million during the quarter.

Syntec Optics Company Profile

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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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