Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 26,000 shares, a decline of 29.3% from the January 31st total of 36,800 shares. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the shares of the company are short sold.

Syntec Optics Price Performance

Syntec Optics stock traded up $0.14 during midday trading on Tuesday, hitting $1.25. The company’s stock had a trading volume of 123,724 shares, compared to its average volume of 926,379. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. The stock’s 50-day moving average price is $2.09 and its 200-day moving average price is $1.63. Syntec Optics has a 12 month low of $0.85 and a 12 month high of $8.39.

Institutional Investors Weigh In On Syntec Optics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP bought a new stake in Syntec Optics in the fourth quarter worth about $31,000. Jane Street Group LLC bought a new stake in Syntec Optics in the fourth quarter worth about $86,000. Blue Owl Capital Holdings LP bought a new stake in Syntec Optics in the fourth quarter worth about $125,000. Tower Research Capital LLC TRC raised its holdings 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 worth $29,000 after buying an additional 7,777 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Syntec Optics by 23.9% during the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock worth $209,000 after buying an additional 16,033 shares during the period.

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.