Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Up 233.7% in March

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 62,400 shares, an increase of 233.7% from the February 28th total of 18,700 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are short sold.

Syntec Optics Stock Down 0.9 %

NASDAQ:OPTX opened at $1.51 on Thursday. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $8.39. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $1.65 and a 200-day simple moving average of $1.62.

Institutional Investors Weigh In On Syntec Optics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPTX. Two Sigma Investments LP bought a new position in Syntec Optics in the 4th quarter worth about $31,000. Jane Street Group LLC bought a new stake in shares of Syntec Optics during the fourth quarter valued at approximately $86,000. Blue Owl Capital Holdings LP purchased a new stake in shares of Syntec Optics in the fourth quarter valued at approximately $125,000. Tower Research Capital LLC TRC grew its stake in Syntec Optics by 205.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock worth $29,000 after purchasing an additional 7,777 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Syntec Optics by 23.9% during 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 during the period.

Syntec Optics Company Profile

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.