Laser Photonics Co. (NASDAQ:LASE) Short Interest Up 83.7% in January

Laser Photonics Co. (NASDAQ:LASE) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,292,396 shares, a growth of 83.7% from the January 15th total of 703,601 shares. Approximately 5.8% of the company’s shares are sold short. Based on an average trading volume of 707,763 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 707,763 shares, the short-interest ratio is currently 1.8 days. Approximately 5.8% of the company’s shares are sold short.

Laser Photonics Price Performance

LASE stock traded down $0.06 during trading on Friday, reaching $0.77. 1,923,857 shares of the stock traded hands, compared to its average volume of 2,185,600. The firm has a market capitalization of $17.54 million, a PE ratio of -0.61 and a beta of 3.39. The business’s 50 day moving average price is $2.15 and its 200-day moving average price is $3.01. Laser Photonics has a 52-week low of $0.38 and a 52-week high of $6.77.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Laser Photonics from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Laser Photonics

Institutional investors and hedge funds have recently bought and sold shares of the business. Anson Funds Management LP purchased a new position in Laser Photonics in the third quarter valued at approximately $1,776,000. Jones Financial Companies Lllp increased its position in shares of Laser Photonics by 7,350.9% in the first quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock worth $457,000 after acquiring an additional 147,017 shares in the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of Laser Photonics in the 4th quarter valued at $339,000. Geode Capital Management LLC lifted its holdings in shares of Laser Photonics by 94.8% during the 4th quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock valued at $356,000 after acquiring an additional 70,065 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Laser Photonics during the 3rd quarter valued at $118,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Laser Photonics Company Profile

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high‐power fiber‐optic laser solutions and high‐speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber‐optic lasers tailored for material processing applications.