Short Interest in Precision Optics Corp. (NASDAQ:POCI) Drops By 41.2%

Precision Optics Corp. (NASDAQ:POCI – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,912 shares, a decrease of 41.2% from the August 15th total of 18,570 shares. Based on an average daily trading volume, of 39,307 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wall Street Zen raised Precision Optics to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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Precision Optics Trading Up 4.6%

POCI traded up $0.19 on Thursday, hitting $4.36. The company had a trading volume of 30,092 shares, compared to its average volume of 37,724. The company has a current ratio of 2.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The firm has a market cap of $47.70 million, a P/E ratio of -6.92 and a beta of 0.32. The company’s fifty day moving average price is $4.38 and its 200 day moving average price is $4.62. Precision Optics has a 1 year low of $3.55 and a 1 year high of $6.15.

Institutional Trading of Precision Optics

An institutional investor recently raised its stake in Precision Optics stock. Needham Investment Management LLC raised its position in Precision Optics Corp. (NASDAQ:POCI – Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 720,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Needham Investment Management LLC owned approximately 9.33% of Precision Optics worth $3,013,000 as of its most recent SEC filing. Institutional investors own 13.71% of the company’s stock.

About Precision Optics

(Get Free Report)

Precision Optics Corporation, Inc (NASDAQ: POCI) designs and manufactures advanced optical and imaging systems, primarily for the medical device market. The company develops products used in minimally invasive surgery, including endoscopes, surgical cameras, and specialized visualization systems that help physicians view internal anatomy during diagnostic and therapeutic procedures.

Its product portfolio includes reusable and single-use endoscopes, three-dimensional imaging systems, fluorescence imaging technologies, and custom optical components and assemblies.

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