Short Interest in Optex Systems Holdings, Inc (NASDAQ:OPXS) Decreases By 45.9%

Optex Systems Holdings, Inc (NASDAQ:OPXS - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 5,300 shares, a drop of 45.9% from the September 30th total of 9,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 23,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Optex Systems

An institutional investor recently raised its position in Optex Systems stock. Essex Investment Management Co. LLC increased its position in shares of Optex Systems Holdings, Inc (NASDAQ:OPXS - Free Report) by 58.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,652 shares of the company's stock after acquiring an additional 8,346 shares during the period. Essex Investment Management Co. LLC owned about 0.33% of Optex Systems worth $173,000 as of its most recent filing with the Securities and Exchange Commission. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

Optex Systems Price Performance

Optex Systems stock traded down $0.21 during midday trading on Friday, hitting $9.70. The company's stock had a trading volume of 30,159 shares, compared to its average volume of 23,870. The company has a market cap of $66.47 million, a price-to-earnings ratio of 18.65 and a beta of 0.28. Optex Systems has a 1-year low of $3.85 and a 1-year high of $10.30. The company has a 50-day moving average price of $8.15 and a two-hundred day moving average price of $7.81.

Optex Systems (NASDAQ:OPXS - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $9.06 million during the quarter. Optex Systems had a net margin of 12.83% and a return on equity of 26.20%.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.