Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Update

Optex Systems Holdings Inc. (NASDAQ:OPXS) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 80,914 shares, a growth of 27.0% from the January 15th total of 63,709 shares. Based on an average daily volume of 61,850 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 61,850 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

OPXS has been the topic of a number of recent research reports. Wall Street Zen cut shares of Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings downgraded Optex Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Buying and Selling at Optex Systems

In other Optex Systems news, Director Danny Robert Schoening sold 28,924 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $14.06, for a total transaction of $406,671.44. Following the completion of the transaction, the director owned 796,730 shares of the company’s stock, valued at approximately $11,202,023.80. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 110,578 shares of company stock worth $1,510,898 in the last 90 days. Insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

A number of hedge funds have recently added to or reduced their stakes in OPXS. LSV Asset Management bought a new position in Optex Systems in the second quarter valued at about $63,000. Financial Advocates Investment Management increased its position in shares of Optex Systems by 9.8% during the 2nd quarter. Financial Advocates Investment Management now owns 11,339 shares of the company’s stock valued at $130,000 after purchasing an additional 1,012 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Optex Systems in the 2nd quarter worth approximately $604,000. Archon Capital Management LLC purchased a new position in shares of Optex Systems in the second quarter worth approximately $332,000. Finally, Raymond James Financial Inc. bought a new stake in Optex Systems during the second quarter valued at approximately $30,000. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

Optex Systems Stock Performance

Shares of OPXS stock traded up $0.37 during mid-day trading on Monday, hitting $14.66. The company’s stock had a trading volume of 52,042 shares, compared to its average volume of 56,150. The stock has a market cap of $101.74 million, a price-to-earnings ratio of 22.21 and a beta of 0.65. Optex Systems has a 52-week low of $5.36 and a 52-week high of $17.76. The business has a 50-day moving average price of $14.51 and a 200 day moving average price of $13.86.

Optex Systems (NASDAQ:OPXS) last issued its earnings results on Wednesday, February 11th. The company reported $0.03 earnings per share for the quarter. Optex Systems had a return on equity of 22.12% and a net margin of 10.75%.The business had revenue of $9.15 million during the quarter.

Optex Systems Company Profile

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.