Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Up 430.9% in January

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

Institutional Inflows and Outflows

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

Syntec Optics Trading Down 11.3%

NASDAQ:OPTX opened at $7.33 on Wednesday. The firm has a market capitalization of $270.62 million, a P/E ratio of -91.63 and a beta of -1.06. The business has a 50 day simple moving average of $3.80 and a 200 day simple moving average of $2.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. Syntec Optics has a 12-month low of $1.02 and a 12-month high of $9.15.

Syntec Optics (NASDAQ:OPTX) last posted its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company 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%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Syntec Optics in a research report on Thursday, January 22nd. Wall Street Zen upgraded Syntec Optics from a “sell” rating to a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.