Optical Cable Corporation (NASDAQ:OCC) Short Interest Update

Optical Cable Corporation (NASDAQ:OCC) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 17,025 shares, a decrease of 63.0% from the December 31st total of 46,007 shares. Based on an average daily trading volume, of 82,182 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,182 shares, the short-interest ratio is presently 0.2 days.

Optical Cable Stock Performance

Shares of NASDAQ OCC opened at $5.21 on Wednesday. The company has a market cap of $46.21 million, a P/E ratio of -28.94 and a beta of 0.58. Optical Cable has a 52-week low of $2.40 and a 52-week high of $11.50. The firm’s fifty day moving average is $6.05 and its two-hundred day moving average is $6.75.

Optical Cable (NASDAQ:OCC) last released its quarterly earnings data on Thursday, December 18th. The communications equipment provider reported $0.01 EPS for the quarter. Optical Cable had a negative net margin of 1.99% and a negative return on equity of 7.90%. The business had revenue of $19.83 million during the quarter. During the same period last year, the company earned $0.05 EPS.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Optical Cable in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Optical Cable

A number of large investors have recently added to or reduced their stakes in OCC. Two Sigma Investments LP acquired a new position in shares of Optical Cable in the 3rd quarter valued at $487,000. Bridgeway Capital Management LLC grew its stake in Optical Cable by 162.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 33,013 shares of the communications equipment provider’s stock valued at $268,000 after purchasing an additional 20,413 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Optical Cable by 8.3% in the first quarter. Royal Bank of Canada now owns 124,769 shares of the communications equipment provider’s stock valued at $348,000 after purchasing an additional 9,535 shares during the period. Round Rock Advisors LLC acquired a new position in shares of Optical Cable in the fourth quarter valued at about $139,000. Finally, Shikiar Asset Management Inc. raised its stake in shares of Optical Cable by 62.9% in the fourth quarter. Shikiar Asset Management Inc. now owns 24,600 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 9,500 shares during the last quarter. Institutional investors own 13.61% of the company’s stock.

Optical Cable Company Profile

Optical Cable Corporation (NASDAQ: OCC) is a publicly traded designer and manufacturer of optical fiber and copper communications cable solutions. Headquartered in Roanoke, Virginia, the company develops a broad range of standard and custom cable assemblies, connectors, hardware and accessories. Its product portfolio addresses data transmission requirements in demanding environments, including long-haul telecommunications, industrial automation, defense systems and submersible applications.

The company’s offerings are organized across multiple product lines, encompassing outside-plant fiber optic cable for aerial and underground installations, indoor/outdoor copper connectivity and specialty engineered cable assemblies.