Short Interest in Laser Photonics Co. (NASDAQ:LASE) Declines By 21.0%

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 204,200 shares, a decrease of 21.0% from the December 15th total of 258,600 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Laser Photonics

Several large investors have recently modified their holdings of LASE. XTX Topco Ltd acquired a new stake in shares of Laser Photonics during the second quarter worth $32,000. Jane Street Group LLC purchased a new position in Laser Photonics in the 3rd quarter worth about $577,000. Geode Capital Management LLC raised its holdings in Laser Photonics by 53.4% during the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company's stock worth $989,000 after buying an additional 21,106 shares during the period. Finally, Anson Funds Management LP purchased a new stake in Laser Photonics during the third quarter valued at about $4,077,000. 1.90% of the stock is owned by institutional investors.

Laser Photonics Stock Down 0.2 %

NASDAQ:LASE traded down $0.01 during trading hours on Friday, reaching $5.52. 226,217 shares of the company's stock were exchanged, compared to its average volume of 285,501. The company has a market capitalization of $76.35 million, a P/E ratio of -12.55 and a beta of 3.53. Laser Photonics has a 12 month low of $0.98 and a 12 month high of $19.80. The business's 50-day simple moving average is $5.55 and its two-hundred day simple moving average is $5.37.

About Laser Photonics

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.