Precision Optics Corp. (NASDAQ:POCI) Shares Shorted: Short Interest Down 90.2% in October

Precision Optics Corp. (NASDAQ:POCI) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,951 shares, a decrease of 90.2% from the September 30th total of 40,488 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,491 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Precision Optics to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Precision Optics Price Performance

Precision Optics stock traded up $0.02 during midday trading on Monday, reaching $4.35. 16,996 shares of the stock traded hands, compared to its average volume of 40,631. The company has a quick ratio of 1.84, a current ratio of 2.28 and a debt-to-equity ratio of 0.03. The stock has a market cap of $47.72 million, a P/E ratio of -9.46 and a beta of 0.34. Precision Optics has a 12 month low of $3.55 and a 12 month high of $6.15. The stock’s fifty day moving average is $4.41 and its 200-day moving average is $4.65.

Precision Optics (NASDAQ:POCI) last issued its quarterly earnings results on Monday, September 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. Precision Optics had a negative return on equity of 23.92% and a negative net margin of 11.51%. The company had revenue of $8.77 million during the quarter, compared to the consensus estimate of $7.10 million.

About Precision Optics

Precision Optics Corporation, Inc is a medical technology company that develops and manufactures advanced optical systems and components for minimally invasive medical procedures. The company works primarily with medical device manufacturers, providing specialized imaging technologies designed to support visualization during surgery and other clinical applications.

Its product portfolio includes rigid and flexible endoscopes, three-dimensional endoscopic systems, disposable and reusable visualization devices, surgical cameras, and custom optical assemblies.