Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Sees Large Decline in Short Interest

Syntec Optics Holdings, Inc. (NASDAQ:OPTX - Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 139,800 shares, a drop of 47.9% from the December 31st total of 268,200 shares. Based on an average daily volume of 2,850,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.3% of the shares of the company are sold short.

Syntec Optics Stock Performance

Shares of NASDAQ:OPTX traded down $0.06 during trading on Tuesday, hitting $1.97. 27,185 shares of the stock traded hands, compared to its average volume of 270,856. The company has a fifty day moving average price of $2.07 and a two-hundred day moving average price of $1.60. 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 current ratio of 1.34 and a quick ratio of 0.63.

Syntec Optics Company Profile

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.