LightPath Technologies, Inc. (LPTH) Sees Significant Growth in Short Interest

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,432,724 shares, an increase of 33.1% from the January 12th total of 1,076,749 shares. Based on an average daily trading volume, of 279,670 shares, the days-to-cover ratio is currently 5.1 days. Currently, 6.7% of the company’s stock are sold short.

LightPath Technologies (NASDAQ LPTH) opened at $2.18 on Friday. LightPath Technologies has a one year low of $1.66 and a one year high of $4.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.29 and a current ratio of 3.18. The firm has a market capitalization of $54.10, a price-to-earnings ratio of 7.03, a P/E/G ratio of 1.33 and a beta of -0.53.

A number of hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC grew its stake in LightPath Technologies by 8.5% during the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock worth $984,000 after buying an additional 30,000 shares during the last quarter. Virtu Financial LLC grew its stake in LightPath Technologies by 414.2% during the 4th quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock worth $182,000 after buying an additional 66,094 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in LightPath Technologies by 152.6% during the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock worth $367,000 after buying an additional 86,541 shares during the last quarter. Vanguard Group Inc. grew its stake in LightPath Technologies by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock worth $1,931,000 after buying an additional 114,279 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in LightPath Technologies by 45.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 453,767 shares of the technology company’s stock worth $1,162,000 after buying an additional 142,720 shares during the last quarter. Hedge funds and other institutional investors own 29.96% of the company’s stock.

Separately, Zacks Investment Research upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th.

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About LightPath Technologies

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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