LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Up 349.7% in February

LightPath Technologies, Inc. (NASDAQ:LPTH) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 433,100 shares, an increase of 349.7% from the January 31st total of 96,300 shares. Based on an average daily trading volume, of 417,900 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of LightPath Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connective Capital Management LLC bought a new stake in shares of LightPath Technologies during the fourth quarter worth $733,000. Millennium Management LLC bought a new stake in shares of LightPath Technologies during the fourth quarter worth $53,000. Cubist Systematic Strategies LLC bought a new stake in shares of LightPath Technologies during the fourth quarter worth $32,000. Jane Street Group LLC bought a new stake in shares of LightPath Technologies during the fourth quarter worth $111,000. Finally, Northern Trust Corp grew its stake in shares of LightPath Technologies by 25.7% during the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company’s stock worth $226,000 after buying an additional 13,087 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LPTH shares. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of LightPath Technologies in a research report on Thursday. Lake Street Capital lifted their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of LightPath Technologies from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd.

LightPath Technologies Price Performance

NASDAQ:LPTH traded up $0.05 during mid-day trading on Friday, reaching $2.28. The stock had a trading volume of 119,965 shares, compared to its average volume of 403,427. The stock has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $2.10. The stock has a market capitalization of $91.57 million, a PE ratio of -9.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.42.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. On average, equities analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current year.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.