Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Sees Significant Increase in Short Interest

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,473,434 shares, a growth of 430.9% from the January 15th total of 277,533 shares. Based on an average trading volume of 1,603,232 shares, the short-interest ratio is currently 0.9 days. Approximately 4.0% of the shares of the stock are short sold. Approximately 4.0% of the shares of the stock are short sold. Based on an average trading volume of 1,603,232 shares, the short-interest ratio is currently 0.9 days.

Syntec Optics Stock Performance

NASDAQ OPTX opened at $6.16 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $3.99 and its 200-day simple moving average is $2.59. The company has a market cap of $227.43 million, a PE ratio of -77.00 and a beta of -1.06. Syntec Optics has a 1-year low of $1.02 and a 1-year high of $9.15.

Syntec Optics (NASDAQ:OPTX) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.95 million during the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%.

Wall Street Analyst Weigh In

OPTX has been the subject of a number of analyst reports. Wall Street Zen raised Syntec Optics from a “sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Syntec Optics in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC acquired a new stake in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,444 shares of the company’s stock, valued at approximately $36,000.

About Syntec Optics

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.