Short Interest in Laser Photonics Co. (NASDAQ:LASE) Expands By 45.2%

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 617,900 shares, a growth of 45.2% from the January 31st total of 425,600 shares. Approximately 11.7% of the company’s stock are short sold. Based on an average daily volume of 319,600 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Laser Photonics

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Laser Photonics during the fourth quarter valued at $69,000. Spire Wealth Management purchased a new stake in shares of Laser Photonics during the 4th quarter worth about $81,000. Commonwealth Equity Services LLC acquired a new stake in shares of Laser Photonics during the 4th quarter valued at about $108,000. Renaissance Technologies LLC acquired a new stake in shares of Laser Photonics during the 4th quarter valued at about $134,000. Finally, Geode Capital Management LLC grew its stake in shares of Laser Photonics by 30.1% in the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock valued at $456,000 after buying an additional 18,283 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

Laser Photonics Price Performance

Laser Photonics stock traded down $0.21 during trading hours on Monday, hitting $3.38. The company had a trading volume of 181,607 shares, compared to its average volume of 235,250. The firm’s fifty day moving average is $4.85 and its 200-day moving average is $5.85. The firm has a market capitalization of $46.75 million, a P/E ratio of -7.68 and a beta of 3.47. Laser Photonics has a fifty-two week low of $1.21 and a fifty-two week high of $19.80.

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.