Short Interest in LightPath Technologies, Inc. (NASDAQ:LPTH) Increases By 197.9%

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 216,900 shares, a growth of 197.9% from the December 15th total of 72,800 shares. Based on an average trading volume of 279,600 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Lake Street Capital boosted their target price on LightPath Technologies from $3.00 to $4.00 and gave the stock a "buy" rating in a research report on Friday, December 27th. HC Wainwright increased their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. LADENBURG THALM/SH SH raised their target price on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com cut shares of LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th.

Hedge Funds Weigh In On LightPath Technologies

A hedge fund recently raised its stake in LightPath Technologies stock. Murphy Pohlad Asset Management LLC increased its stake in shares of LightPath Technologies, Inc. (NASDAQ:LPTH - Free Report) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,100 shares of the technology company's stock after purchasing an additional 12,600 shares during the quarter. Murphy Pohlad Asset Management LLC owned approximately 0.18% of LightPath Technologies worth $95,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 56.29% of the company's stock.

LightPath Technologies Price Performance

NASDAQ LPTH traded down $0.01 during mid-day trading on Tuesday, hitting $2.97. The stock had a trading volume of 255,842 shares, compared to its average volume of 693,980. The company has a 50 day simple moving average of $2.35 and a 200 day simple moving average of $1.72. The company has a market cap of $117.81 million, a price-to-earnings ratio of -13.50 and a beta of 1.04. LightPath Technologies has a 52-week low of $1.04 and a 52-week high of $4.42. The company has a quick ratio of 1.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.03.

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.

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