Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 26,000 shares, a decrease of 29.3% from the January 31st total of 36,800 shares. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock worth $29,000 after buying an additional 7,777 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Syntec Optics in the 4th quarter worth approximately $31,000. Geode Capital Management LLC increased its position in Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock worth $209,000 after buying an additional 16,033 shares during the period. Jane Street Group LLC bought a new stake in shares of Syntec Optics in the 4th quarter worth approximately $86,000. Finally, Blue Owl Capital Holdings LP bought a new stake in Syntec Optics in the fourth quarter valued at about $125,000.

Syntec Optics Trading Up 4.0 %

Shares of NASDAQ OPTX traded up $0.05 during midday trading on Wednesday, hitting $1.30. The company’s stock had a trading volume of 118,131 shares, compared to its average volume of 179,165. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. Syntec Optics has a 1-year low of $0.85 and a 1-year high of $8.39. The firm’s fifty day moving average price is $2.09 and its 200-day moving average price is $1.63.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.