Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Down 14.9% in January

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 277,533 shares, a decline of 14.9% from the December 31st total of 325,952 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 3,131,535 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 3,131,535 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are short sold.

Syntec Optics Stock Performance

Shares of Syntec Optics stock traded down $0.73 during trading hours on Wednesday, hitting $7.27. 1,255,316 shares of the company’s stock traded hands, compared to its average volume of 2,287,114. Syntec Optics has a 12-month low of $1.02 and a 12-month high of $8.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. The company has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $2.32. The stock has a market capitalization of $268.56 million, a price-to-earnings ratio of -90.63 and a beta of -1.06.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on OPTX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Syntec Optics in a report on Thursday, January 22nd. Wall Street Zen raised shares of Syntec Optics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Magnus Financial Group LLC purchased a new stake in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,444 shares of the company’s stock, valued at approximately $36,000.

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.