LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 48,400 shares, a decline of 28.5% from the October 31st total of 67,700 shares. Based on an average daily trading volume, of 74,400 shares, the short-interest ratio is currently 0.7 days.

LightPath Technologies Stock Performance

Shares of NASDAQ LPTH remained flat at $1.66 during midday trading on Friday. 56,507 shares of the stock traded hands, compared to its average volume of 57,715. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $1.74. The business has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.73. The firm has a market cap of $65.85 million, a price-to-earnings ratio of -7.55 and a beta of 1.30.

LightPath Technologies (NASDAQ:LPTH) last issued its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, research analysts predict that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on LPTH. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research note on Friday, September 20th. StockNews.com began coverage on shares of LightPath Technologies in a research note on Saturday, November 23rd. They set a “hold” rating on the stock.

Institutional Trading of LightPath Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after purchasing an additional 211,626 shares in the last quarter. AIGH Capital Management LLC raised its holdings in shares of LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its holdings in shares of LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock worth $95,000 after purchasing an additional 12,600 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.