Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Increases By 376.7%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 171,600 shares, an increase of 376.7% from the August 31st total of 36,000 shares. Based on an average trading volume of 166,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.9% of the shares of the company are short sold. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 166,600 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Syntec Optics

A hedge fund recently bought a new stake in Syntec Optics stock. Two Sigma Investments LP acquired a new position in shares of Syntec Optics Holdings, Inc. (NASDAQ:OPTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,189 shares of the company’s stock, valued at approximately $31,000.

Syntec Optics Price Performance

Shares of OPTX opened at $1.57 on Friday. The business has a 50-day moving average of $1.65 and a 200 day moving average of $1.50. Syntec Optics has a fifty-two week low of $0.85 and a fifty-two week high of $5.10.

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.