Precision Optics Corp. (NASDAQ:POCI) Short Interest Update

Precision Optics Corp. (NASDAQ:POCI) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 10,279 shares, a decrease of 48.6% from the January 29th total of 19,981 shares. Based on an average trading volume of 39,972 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 39,972 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Precision Optics in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Precision Optics Stock Performance

Shares of POCI opened at $4.29 on Friday. The stock has a market capitalization of $33.12 million, a P/E ratio of -4.66 and a beta of 0.32. The firm’s fifty day simple moving average is $4.62 and its two-hundred day simple moving average is $4.50. The company has a current ratio of 1.05, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. Precision Optics has a 12 month low of $3.77 and a 12 month high of $6.04.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.23) earnings per share (EPS) for the quarter. Precision Optics had a negative return on equity of 60.56% and a negative net margin of 28.33%.The business had revenue of $7.37 million for the quarter.

Institutional Trading of Precision Optics

Institutional investors have recently made changes to their positions in the company. DRW Securities LLC bought a new position in shares of Precision Optics during the 4th quarter worth approximately $94,000. Needham Investment Management LLC boosted its holdings in Precision Optics by 2.9% in the 4th quarter. Needham Investment Management LLC now owns 720,000 shares of the company’s stock worth $3,013,000 after buying an additional 20,000 shares during the period. Jane Street Group LLC bought a new stake in shares of Precision Optics during the fourth quarter valued at about $48,000. Citadel Advisors LLC bought a new position in shares of Precision Optics in the third quarter worth $49,000. Finally, WealthTrust Axiom LLC boosted its position in shares of Precision Optics by 2.7% during the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock valued at $970,000 after acquiring an additional 6,158 shares during the last quarter. Institutional investors own 13.71% of the company’s stock.

About Precision Optics

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.