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

Precision Optics Corp. (NASDAQ:POCI) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,981 shares, a growth of 57.7% from the January 15th total of 12,674 shares. Based on an average trading volume of 28,639 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 28,639 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Precision Optics presently has an average rating of “Sell”.

Precision Optics Stock Performance

NASDAQ:POCI traded down $0.29 during midday trading on Monday, hitting $4.76. The company’s stock had a trading volume of 13,976 shares, compared to its average volume of 34,406. The firm has a market cap of $36.75 million, a P/E ratio of -5.67 and a beta of 0.31. Precision Optics has a fifty-two week low of $3.77 and a fifty-two week high of $6.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.79. The firm’s 50 day moving average is $4.57 and its 200-day moving average is $4.51.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.21) EPS for the quarter. The business had revenue of $6.68 million during the quarter. Precision Optics had a negative return on equity of 53.29% and a negative net margin of 28.31%.

Institutional Investors Weigh In On Precision Optics

Large investors have recently bought and sold shares of the stock. DRW Securities LLC purchased a new position in shares of Precision Optics in the 4th quarter valued at about $94,000. Geode Capital Management LLC increased its stake in shares of Precision Optics by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock worth $245,000 after buying an additional 1,926 shares during the period. Citadel Advisors LLC acquired a new stake in Precision Optics in the third quarter valued at approximately $49,000. Jane Street Group LLC purchased a new position in Precision Optics in the fourth quarter worth approximately $48,000. Finally, WealthTrust Axiom LLC grew its holdings in Precision Optics by 2.7% during the 4th quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock worth $970,000 after acquiring an additional 6,158 shares in the last quarter. Hedge funds and other institutional investors own 13.71% of the company’s stock.

Precision Optics Company Profile

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.