LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Down 22.0% in February

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 338,000 shares, a decline of 22.0% from the February 13th total of 433,100 shares. Currently, 0.9% of the company's shares are sold short. Based on an average daily trading volume, of 409,100 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

LPTH has been the subject of several research reports. LADENBURG THALM/SH SH boosted their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a research note on Friday, December 27th. HC Wainwright reiterated a "buy" rating and set a $5.00 price objective on shares of LightPath Technologies in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th.

LightPath Technologies Stock Down 3.0 %

Shares of LPTH stock traded down $0.07 on Friday, hitting $2.12. The stock had a trading volume of 23,884 shares, compared to its average volume of 152,934. The firm has a market capitalization of $84.94 million, a price-to-earnings ratio of -8.81 and a beta of 1.67. The stock's 50 day moving average is $2.73 and its 200-day moving average is $2.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 1.53. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $4.42.

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LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $7.43 million during the quarter, compared to analysts' expectations of $8.28 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. As a group, research analysts expect that LightPath Technologies will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC bought a new position in LightPath Technologies during the 4th quarter valued at $28,000. Cubist Systematic Strategies LLC bought a new position in LightPath Technologies during the 4th quarter valued at $32,000. Northern Trust Corp boosted its stake in LightPath Technologies by 25.7% during the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock valued at $226,000 after acquiring an additional 13,087 shares during the last quarter. Millennium Management LLC bought a new position in LightPath Technologies during the 4th quarter valued at $53,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in LightPath Technologies by 101.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company's stock valued at $109,000 after acquiring an additional 15,500 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.