Short Interest in Laser Photonics Co. (NASDAQ:LASE) Decreases By 19.2%

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 258,600 shares, a drop of 19.2% from the November 30th total of 320,000 shares. Based on an average daily volume of 2,560,000 shares, the short-interest ratio is currently 0.1 days. Approximately 5.2% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LASE. XTX Topco Ltd bought a new position in shares of Laser Photonics during the second quarter valued at $32,000. Jane Street Group LLC purchased a new stake in Laser Photonics during the 3rd quarter valued at about $577,000. Geode Capital Management LLC increased its stake in Laser Photonics by 53.4% during the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company's stock valued at $989,000 after purchasing an additional 21,106 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in Laser Photonics in the third quarter worth about $4,077,000. Hedge funds and other institutional investors own 1.90% of the company's stock.

Laser Photonics Stock Down 8.0 %

Shares of LASE stock traded down $0.58 during trading hours on Friday, hitting $6.64. 714,837 shares of the company's stock traded hands, compared to its average volume of 1,528,976. The stock's fifty day simple moving average is $5.54 and its two-hundred day simple moving average is $5.04. Laser Photonics has a 12-month low of $0.98 and a 12-month high of $19.80. The stock has a market cap of $91.84 million, a price-to-earnings ratio of -15.09 and a beta of 3.55.

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.