Laser Photonics Co. (NASDAQ:LASE) Sees Large Growth in Short Interest

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 105,600 shares, an increase of 130.6% from the February 29th total of 45,800 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 439,700 shares, the days-to-cover ratio is currently 0.2 days.

Laser Photonics Price Performance

NASDAQ:LASE remained flat at $1.68 during mid-day trading on Thursday. 107,578 shares of the company were exchanged, compared to its average volume of 460,769. Laser Photonics has a fifty-two week low of $0.67 and a fifty-two week high of $7.05. The stock has a market capitalization of $13.24 million, a PE ratio of -2.47 and a beta of 3.95. The business has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LASE. UBS Group AG bought a new position in Laser Photonics in the third quarter valued at about $30,000. Jane Street Group LLC acquired a new stake in shares of Laser Photonics in the third quarter valued at about $38,000. Two Sigma Investments LP acquired a new position in shares of Laser Photonics in the fourth quarter worth approximately $95,000. Millennium Management LLC bought a new position in Laser Photonics during the 4th quarter worth approximately $25,000. Finally, Virtu Financial LLC bought a new stake in shares of Laser Photonics in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 3.01% of the company’s stock.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-100CTH, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200CTH, a manual handheld laser surface cleaning model; CleanTech Handheld LPC-300CTH, a water-cooled laser system; CleanTech Handheld LPC-1000CTH, a laser cleaning tool; CleanTech Handheld 2000-CTH Jobsite for industrial cleaning, rust and paint removal, and surface preparation; CleanTech Handheld NCX, a portable laser surface cleaning and conditioning system; CleanTech Robot, a robotic laser cleaning system, CleanTech Laser Blaster Cabinet, a laser cleaning machine; and CleanTech EZ- Rider, a laser cleaning tool.