Laser Photonics Co. (NASDAQ:LASE) Short Interest Down 21.0% in January

Laser Photonics Co. (NASDAQ:LASE - Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 204,200 shares, a decline of 21.0% from the December 31st total of 258,600 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.1% of the company's shares are short sold.

Hedge Funds Weigh In On Laser Photonics

A number of hedge funds and other institutional investors have recently made changes to their positions in LASE. XTX Topco Ltd purchased a new position in Laser Photonics during the second quarter valued at approximately $32,000. Jane Street Group LLC purchased a new position in shares of Laser Photonics in the 3rd quarter valued at $577,000. Anson Funds Management LP purchased a new position in shares of Laser Photonics in the 3rd quarter valued at $4,077,000. Geode Capital Management LLC raised its position in shares of Laser Photonics by 53.4% in the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company's stock worth $989,000 after acquiring an additional 21,106 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of Laser Photonics during the 4th quarter worth $81,000. Institutional investors own 1.90% of the company's stock.

Laser Photonics Stock Performance

LASE traded down $0.13 during trading on Thursday, hitting $4.90. 91,918 shares of the stock were exchanged, compared to its average volume of 257,393. The firm has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $5.57. The firm has a market cap of $67.78 million, a price-to-earnings ratio of -11.14 and a beta of 3.53. Laser Photonics has a 1 year low of $0.98 and a 1 year high of $19.80.

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.