Short Interest in Laser Photonics Co. (NASDAQ:LASE) Drops By 18.2%

Laser Photonics Co. (NASDAQ:LASE) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 425,600 shares, a decrease of 18.2% from the January 15th total of 520,000 shares. Currently, 8.6% of the company’s shares are short sold. Based on an average trading volume of 336,100 shares, the short-interest ratio is presently 1.3 days.

Laser Photonics Stock Down 0.8 %

LASE stock opened at $3.95 on Friday. Laser Photonics has a 52-week low of $1.00 and a 52-week high of $19.80. The business has a fifty day moving average of $5.23 and a two-hundred day moving average of $5.79. The stock has a market cap of $54.64 million, a price-to-earnings ratio of -8.98 and a beta of 3.47.

Institutional Trading of Laser Photonics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Laser Photonics during the third quarter worth about $577,000. Anson Funds Management LP purchased a new position in shares of Laser Photonics during the 3rd quarter worth approximately $4,077,000. Geode Capital Management LLC increased its holdings in Laser Photonics by 53.4% in the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock valued at $989,000 after purchasing an additional 21,106 shares during the last quarter. Spire Wealth Management purchased a new stake in Laser Photonics in the fourth quarter valued at approximately $81,000. Finally, Commonwealth Equity Services LLC acquired a new position in Laser Photonics during the fourth quarter worth $108,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Company Profile

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.