Short Interest in Laser Photonics Co. (NASDAQ:LASE) Expands By 21.6%

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,168,181 shares, a growth of 21.6% from the December 15th total of 960,980 shares. Based on an average daily volume of 263,804 shares, the short-interest ratio is presently 4.4 days. Approximately 5.2% of the shares of the stock are sold short. Approximately 5.2% of the shares of the stock are sold short. Based on an average daily volume of 263,804 shares, the short-interest ratio is presently 4.4 days.

Laser Photonics Trading Down 2.3%

Shares of Laser Photonics stock traded down $0.05 during trading hours on Tuesday, reaching $2.10. 309,972 shares of the company’s stock were exchanged, compared to its average volume of 585,297. Laser Photonics has a 52-week low of $1.71 and a 52-week high of $6.77. The company has a fifty day moving average of $2.70 and a 200-day moving average of $3.20. The firm has a market capitalization of $46.91 million, a price-to-earnings ratio of -1.67 and a beta of 3.37.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Monday, December 22nd. The company reported ($1.09) EPS for the quarter. The company had revenue of $0.92 million during the quarter.

Institutional Investors Weigh In On Laser Photonics

Several hedge funds have recently modified their holdings of LASE. CIBC Private Wealth Group LLC grew its holdings in Laser Photonics by 500.0% in the third quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock valued at $26,000 after purchasing an additional 5,000 shares during the period. Stephens Inc. AR acquired a new position in shares of Laser Photonics in the 3rd quarter valued at $81,000. Essex Investment Management Co. LLC purchased a new stake in shares of Laser Photonics during the 3rd quarter valued at $118,000. Jones Financial Companies Lllp grew its stake in shares of Laser Photonics by 7,350.9% during the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after buying an additional 147,017 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Laser Photonics by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock worth $1,437,000 after buying an additional 23,792 shares during the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LASE has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Laser Photonics in a report on Wednesday, October 8th. Wall Street Zen lowered Laser Photonics from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Laser Photonics Company Profile

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high‐power fiber‐optic laser solutions and high‐speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber‐optic lasers tailored for material processing applications.