Short Interest in Laser Photonics Co. (NASDAQ:LASE) Decreases By 18.2%

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 425,600 shares, a decrease of 18.2% from the January 15th total of 520,000 shares. Based on an average daily volume of 336,100 shares, the short-interest ratio is presently 1.3 days. Currently, 8.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Laser Photonics

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of Laser Photonics in the 4th quarter valued at about $69,000. Spire Wealth Management bought a new stake in shares of Laser Photonics in the 4th quarter valued at about $81,000. Commonwealth Equity Services LLC bought a new stake in shares of Laser Photonics in the 4th quarter valued at about $108,000. Renaissance Technologies LLC bought a new stake in shares of Laser Photonics in the 4th quarter valued at about $134,000. Finally, Geode Capital Management LLC grew its position in shares of Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company's stock valued at $456,000 after buying an additional 18,283 shares during the last quarter. Institutional investors own 1.90% of the company's stock.

Laser Photonics Trading Down 1.3 %

LASE traded down $0.05 on Wednesday, reaching $3.87. The stock had a trading volume of 88,206 shares, compared to its average volume of 238,840. Laser Photonics has a fifty-two week low of $1.00 and a fifty-two week high of $19.80. The firm has a 50-day moving average of $5.20 and a 200-day moving average of $5.83. The company has a market capitalization of $53.53 million, a price-to-earnings ratio of -8.80 and a beta of 3.47.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.