Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Expands By 1,155.4%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 325,952 shares, an increase of 1,155.4% from the December 15th total of 25,963 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 9,128,928 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 9,128,928 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.9% of the shares of the company are short sold.

Syntec Optics Stock Performance

Shares of Syntec Optics stock traded up $0.11 on Monday, hitting $4.63. The stock had a trading volume of 14,014,271 shares, compared to its average volume of 5,851,473. The company has a quick ratio of 0.56, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. Syntec Optics has a one year low of $1.02 and a one year high of $6.70. The stock’s 50-day simple moving average is $2.11 and its two-hundred day simple moving average is $1.90.

Syntec Optics (NASDAQ:OPTX) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.95 million for the quarter. Syntec Optics had a negative net margin of 10.71% and a negative return on equity of 27.66%.

Institutional Investors Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC bought a new stake in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,444 shares of the company’s stock, valued at approximately $36,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OPTX shares. Wall Street Zen lowered Syntec Optics from a “hold” rating to a “sell” rating in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Syntec Optics in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average 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.