LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Down 17.5% in October

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 105,300 shares, a decrease of 17.5% from the September 30th total of 127,600 shares. Based on an average daily volume of 59,000 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors and hedge funds have recently bought and sold shares of LPTH. Vanguard Group Inc. boosted its holdings in LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company's stock valued at $2,169,000 after purchasing an additional 211,626 shares in the last quarter. Archon Capital Management LLC boosted its stake in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company's stock valued at $2,874,000 after buying an additional 37,400 shares in the last quarter. Murphy Pohlad Asset Management LLC grew its position in LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company's stock valued at $71,000 after acquiring an additional 10,500 shares during the period. AIGH Capital Management LLC raised its stake in LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company's stock worth $4,692,000 after acquiring an additional 200,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in LightPath Technologies by 104.7% during the second 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 in the last quarter. Institutional investors own 56.29% of the company's stock.

Analysts Set New Price Targets

LPTH has been the subject of a number of research analyst reports. HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday, September 20th. StockNews.com assumed coverage on shares of LightPath Technologies in a research report on Tuesday, October 22nd. They set a "hold" rating on the stock.

LightPath Technologies Stock Performance

LPTH stock traded up $0.04 during trading on Monday, reaching $1.70. 34,286 shares of the stock were exchanged, compared to its average volume of 55,116. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77. The company has a current ratio of 1.93, a quick ratio of 1.12 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $65.97 million, a P/E ratio of -9.44 and a beta of 1.31. The stock has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.36.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The firm had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 24.55% and a negative net margin of 25.24%. During the same quarter in the prior year, the business posted ($0.02) EPS. As a group, sell-side analysts anticipate that LightPath Technologies will post -0.14 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.