Short Interest in Precision Optics Co., Inc. (NASDAQ:POCI) Drops By 76.2%

Precision Optics Co., Inc. (NASDAQ:POCI) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 4,100 shares, a decline of 76.2% from the February 13th total of 17,200 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 11,200 shares, the short-interest ratio is currently 0.4 days.

Precision Optics Trading Down 2.0 %

Shares of Precision Optics stock opened at $4.43 on Thursday. The firm has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $4.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.22. Precision Optics has a fifty-two week low of $3.47 and a fifty-two week high of $6.90. The company has a market cap of $33.83 million, a P/E ratio of -6.92 and a beta of 0.23.

Precision Optics (NASDAQ:POCI) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $4.53 million during the quarter. Precision Optics had a negative return on equity of 39.17% and a negative net margin of 21.46%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in POCI. Needham Investment Management LLC increased its holdings in Precision Optics by 9.1% in the 3rd quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $2,232,000 after acquiring an additional 33,283 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Precision Optics by 95.5% in the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock valued at $292,000 after purchasing an additional 25,530 shares during the period. Citadel Advisors LLC acquired a new stake in Precision Optics in the 4th quarter worth about $93,000. Finally, WealthTrust Axiom LLC lifted its position in shares of Precision Optics by 3.9% in the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after acquiring an additional 9,366 shares in the last quarter. 13.71% of the stock is owned by institutional investors and hedge funds.

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.