Short Interest in LightPath Technologies, Inc. (NASDAQ:LPTH) Rises By 10.4%

LightPath Technologies, Inc. (NASDAQ:LPTH) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 77,700 shares, a growth of 10.4% from the July 15th total of 70,400 shares. Based on an average daily trading volume, of 46,400 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPTH. StockNews.com began coverage on LightPath Technologies in a research report on Sunday, August 11th. They issued a “hold” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Friday, May 10th.

Institutional Trading of LightPath Technologies

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after acquiring an additional 47,429 shares in the last quarter. AMH Equity Ltd boosted its stake in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after acquiring an additional 310,870 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its stake in shares of LightPath Technologies by 22.8% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after acquiring an additional 10,500 shares in the last quarter. AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in LightPath Technologies by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 211,626 shares during the period. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Stock Up 3.1 %

LPTH stock traded up $0.04 during mid-day trading on Friday, hitting $1.35. The stock had a trading volume of 33,200 shares, compared to its average volume of 51,599. The stock has a market capitalization of $52.39 million, a price-to-earnings ratio of -7.50 and a beta of 1.30. The company has a fifty day moving average of $1.31 and a 200 day moving average of $1.40. LightPath Technologies has a 1-year low of $1.12 and a 1-year high of $1.85. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03.

LightPath Technologies Company Profile

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.