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

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 47,900 shares, a decrease of 23.2% from the March 15th total of 62,400 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 137,800 shares, the short-interest ratio is currently 0.3 days.

Syntec Optics Stock Down 6.1 %

OPTX traded down $0.08 during trading on Friday, reaching $1.24. The company’s stock had a trading volume of 31,900 shares, compared to its average volume of 944,607. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. The company’s fifty day moving average price is $1.35 and its 200-day moving average price is $1.61. Syntec Optics has a 52-week low of $0.85 and a 52-week high of $8.39.

Institutional Trading of Syntec Optics

A number of institutional investors have recently modified their holdings of OPTX. Tower Research Capital LLC TRC lifted its holdings in Syntec Optics by 205.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after acquiring an additional 7,777 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Syntec Optics in the fourth quarter valued at about $31,000. Jane Street Group LLC purchased a new stake in Syntec Optics during the fourth quarter worth about $86,000. Blue Owl Capital Holdings LP acquired a new position in Syntec Optics during the fourth quarter worth about $125,000. Finally, Geode Capital Management LLC increased its holdings in Syntec Optics by 23.9% in the fourth 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.

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.