Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Down 25.2% in March

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 8,600 shares, a decline of 25.2% from the March 15th total of 11,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Precision Optics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Precision Optics by 95.5% in the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock worth $292,000 after acquiring an additional 25,530 shares during the last quarter. WealthTrust Axiom LLC raised its holdings in shares of Precision Optics by 3.9% in the 4th quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after purchasing an additional 9,366 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Precision Optics during the 4th quarter worth $93,000. Finally, Needham Investment Management LLC grew its stake in shares of Precision Optics by 6.9% during the fourth quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock worth $2,061,000 after purchasing an additional 27,500 shares in the last quarter. 13.71% of the stock is owned by institutional investors and hedge funds.

Precision Optics Price Performance

Precision Optics stock opened at $3.96 on Monday. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 0.17. Precision Optics has a 52-week low of $3.47 and a 52-week high of $6.90. The firm has a market cap of $30.20 million, a PE ratio of -6.18 and a beta of 0.19. The company’s 50 day moving average is $4.39 and its two-hundred day moving average is $4.66.

Precision Optics (NASDAQ:POCI) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. Precision Optics had a negative net margin of 21.46% and a negative return on equity of 39.17%. The company had revenue of $4.53 million during the quarter.

About Precision Optics

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.