Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Down 29.3% in February

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

Institutional Investors Weigh In On Syntec Optics

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Owl Capital Holdings LP acquired a new stake in Syntec Optics in the fourth quarter worth about $125,000. Jane Street Group LLC purchased a new position in shares of Syntec Optics in the 4th quarter valued at approximately $86,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 16,033 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Syntec Optics during the 4th quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC increased its stake in Syntec Optics by 205.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after purchasing an additional 7,777 shares in the last quarter.

Syntec Optics Price Performance

NASDAQ:OPTX traded down $0.21 during midday trading on Monday, hitting $1.12. The stock had a trading volume of 85,024 shares, compared to its average volume of 925,863. The stock has a 50-day moving average of $2.17 and a 200 day moving average of $1.64. Syntec Optics has a one year low of $0.85 and a one year high of $8.39. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.38.

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.