Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 62,400 shares, a growth of 233.7% from the February 28th total of 18,700 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Syntec Optics
Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company's stock valued at $209,000 after buying an additional 16,033 shares in the last quarter. Blue Owl Capital Holdings LP bought a new position in Syntec Optics in the fourth quarter valued at approximately $125,000. Jane Street Group LLC bought a new position in Syntec Optics in the fourth quarter valued at approximately $86,000. Two Sigma Investments LP acquired a new position in Syntec Optics during the fourth quarter valued at approximately $31,000. Finally, Tower Research Capital LLC TRC lifted its stake in Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company's stock worth $29,000 after purchasing an additional 7,777 shares during the last quarter.
Syntec Optics Trading Down 7.8 %
Shares of NASDAQ:OPTX traded down $0.11 during trading on Monday, reaching $1.25. 74,797 shares of the company traded hands, compared to its average volume of 931,158. Syntec Optics has a 52 week low of $0.85 and a 52 week high of $8.39. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 1.34. The company's 50 day moving average is $1.63 and its two-hundred day moving average is $1.63.
Syntec Optics Company Profile
(
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Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.
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