Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Down 28.1% in February

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 18,700 shares, a drop of 28.1% from the February 13th total of 26,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,870,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Syntec Optics

A number of large investors have recently modified their holdings of OPTX. Two Sigma Investments LP acquired a new position in Syntec Optics during the 4th quarter valued at about $31,000. Jane Street Group LLC acquired a new position in Syntec Optics during the 4th quarter valued at about $86,000. Tower Research Capital LLC TRC increased its stake in Syntec Optics by 205.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after buying an additional 7,777 shares during the period. Geode Capital Management LLC increased its stake in Syntec Optics by 23.9% during the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock valued at $209,000 after buying an additional 16,033 shares during the period. Finally, Blue Owl Capital Holdings LP acquired a new position in Syntec Optics during the 4th quarter valued at about $125,000.

Syntec Optics Trading Down 3.1 %

Shares of OPTX stock traded down $0.04 during trading hours on Friday, reaching $1.25. The stock had a trading volume of 54,606 shares, compared to its average volume of 935,843. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.38. Syntec Optics has a twelve month low of $0.85 and a twelve month high of $8.39. The firm has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $1.61.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.