Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 418,400 shares, a decline of 25.2% from the August 31st total of 559,600 shares. Currently, 7.7% of the shares of the company are short sold. Based on an average trading volume of 5,310,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 5,310,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Laser Photonics

A hedge fund recently bought a new stake in Laser Photonics stock. OLD National Bancorp IN bought a new position in shares of Laser Photonics Co. (NASDAQ:LASE) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 14,000 shares of the company’s stock, valued at approximately $43,000. OLD National Bancorp IN owned approximately 0.10% of Laser Photonics as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LASE shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Laser Photonics in a report on Wednesday. Wall Street Zen cut shares of Laser Photonics from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Laser Photonics has an average rating of “Sell”.

Laser Photonics Price Performance

NASDAQ:LASE opened at $4.33 on Thursday. The firm’s fifty day moving average price is $3.49 and its 200 day moving average price is $3.00. Laser Photonics has a 1-year low of $1.71 and a 1-year high of $10.15. The firm has a market cap of $61.82 million, a price-to-earnings ratio of -14.43 and a beta of 3.20.

Laser Photonics (NASDAQ:LASE) last issued its earnings results on Friday, August 15th. The company reported ($0.12) EPS for the quarter. The business had revenue of $2.60 million for the quarter.

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.