Precision Optics Corp. (NASDAQ:POCI) Short Interest Down 51.4% in March

Precision Optics Corp. (NASDAQ:POCI) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,267 shares, a decline of 51.4% from the February 26th total of 6,719 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 9,961 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Precision Optics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Precision Optics by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after acquiring an additional 1,926 shares during the last quarter. DRW Securities LLC acquired a new stake in Precision Optics during the 4th quarter valued at approximately $94,000. Citadel Advisors LLC bought a new position in Precision Optics during the 3rd quarter worth approximately $49,000. Jane Street Group LLC bought a new position in Precision Optics during the 4th quarter worth approximately $48,000. Finally, Needham Investment Management LLC lifted its position in shares of Precision Optics by 2.9% in the 4th quarter. Needham Investment Management LLC now owns 720,000 shares of the company’s stock worth $3,013,000 after purchasing an additional 20,000 shares during the period. 13.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Precision Optics Trading Down 6.2%

Shares of Precision Optics stock traded down $0.28 during trading on Thursday, hitting $4.21. The company’s stock had a trading volume of 39,902 shares, compared to its average volume of 22,212. The stock has a market cap of $32.50 million, a price-to-earnings ratio of -4.58 and a beta of 0.36. Precision Optics has a 52 week low of $3.77 and a 52 week high of $6.04. The stock has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $4.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 0.62.

Precision Optics (NASDAQ:POCI) last announced its earnings results on Tuesday, February 17th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $7.37 million for the quarter. Precision Optics had a negative return on equity of 60.56% and a negative net margin of 28.33%.

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.