Laser Photonics Co. (NASDAQ:LASE) Sees Large Growth in Short Interest

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 43,400 shares, a growth of 24.4% from the May 31st total of 34,900 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Laser Photonics

An institutional investor recently bought a new position in Laser Photonics stock. Virtu Financial LLC acquired a new position in Laser Photonics Co. (NASDAQ:LASE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,472 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned about 0.30% of Laser Photonics as of its most recent SEC filing. 1.90% of the stock is owned by institutional investors and hedge funds.

Laser Photonics Stock Up 1.1 %

Shares of LASE stock traded up $0.02 during trading hours on Tuesday, hitting $1.92. 14,391 shares of the company’s stock traded hands, compared to its average volume of 1,208,852. The stock’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $1.62. Laser Photonics has a 12-month low of $0.67 and a 12-month high of $4.48. The stock has a market cap of $17.80 million, a price-to-earnings ratio of -8.00 and a beta of 3.26.

Laser Photonics (NASDAQ:LASE) last released its earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.74 million for the quarter.

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.