Laser Photonics Co. (NASDAQ:LASE) Sees Significant Growth in Short Interest

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 695,900 shares, a growth of 11.4% from the September 30th total of 624,900 shares. Based on an average daily trading volume, of 3,140,000 shares, the short-interest ratio is presently 0.2 days. Currently, 14.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Laser Photonics

An institutional investor recently bought a new position in Laser Photonics stock. XTX Topco Ltd purchased a new position in Laser Photonics Co. (NASDAQ:LASE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,898 shares of the company's stock, valued at approximately $32,000. XTX Topco Ltd owned approximately 0.14% of Laser Photonics as of its most recent SEC filing. Institutional investors and hedge funds own 1.90% of the company's stock.

Laser Photonics Stock Up 2.5 %

LASE stock traded up $0.13 during trading on Thursday, reaching $5.35. The company's stock had a trading volume of 684,708 shares, compared to its average volume of 1,738,152. The company's fifty day moving average is $7.44 and its 200-day moving average is $4.01. Laser Photonics has a 1 year low of $0.67 and a 1 year high of $19.80. The company has a market capitalization of $81.69 million, a P/E ratio of -11.86 and a beta of 3.19.

Laser Photonics (NASDAQ:LASE - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $0.62 million during the quarter.

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.