LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Up 197.9% in January

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 216,900 shares, a growth of 197.9% from the December 31st total of 72,800 shares. Based on an average trading volume of 279,600 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Crewe Advisors LLC acquired a new stake in LightPath Technologies in the fourth quarter worth about $28,000. Legato Capital Management LLC bought a new position in shares of LightPath Technologies in the 4th quarter valued at about $83,000. Murphy Pohlad Asset Management LLC lifted its holdings in LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock valued at $95,000 after buying an additional 12,600 shares during the period. Wealth Effects LLC bought a new position in LightPath Technologies in the fourth quarter valued at approximately $164,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in LightPath Technologies by 104.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company's stock worth $166,000 after acquiring an additional 67,429 shares during the period. 56.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LPTH shares. LADENBURG THALM/SH SH upped their price target on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. HC Wainwright raised their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. StockNews.com lowered shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th. Finally, Lake Street Capital lifted their target price on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a research note on Friday, December 27th.

LightPath Technologies Price Performance

Shares of LightPath Technologies stock traded down $0.07 during midday trading on Wednesday, hitting $2.97. 158,767 shares of the company were exchanged, compared to its average volume of 453,387. LightPath Technologies has a 52 week low of $1.04 and a 52 week high of $4.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $1.87. The firm has a market cap of $117.82 million, a P/E ratio of -13.50 and a beta of 1.04.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $8.40 million during the quarter, compared to the consensus estimate of $8.55 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. During the same period last year, the firm posted ($0.04) EPS. Research analysts forecast that LightPath Technologies will post -0.15 earnings per share for the current year.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.

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