Precision Optics Co., Inc. (NASDAQ:POCI) Sees Large Drop in Short Interest

Precision Optics Co., Inc. (NASDAQ:POCI) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 400 shares, a decrease of 60.0% from the July 31st total of 1,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 0.1 days.

Precision Optics Stock Down 2.9 %

Shares of Precision Optics stock opened at $5.11 on Friday. Precision Optics has a twelve month low of $4.92 and a twelve month high of $6.90. The stock has a market capitalization of $31.04 million, a price-to-earnings ratio of -18.25 and a beta of 0.13. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $5.81 and its 200-day simple moving average is $5.84.

Institutional Investors Weigh In On Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. WealthTrust Axiom LLC increased its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,975 shares of the company’s stock after acquiring an additional 15,502 shares during the period. WealthTrust Axiom LLC owned approximately 3.10% of Precision Optics worth $1,132,000 at the end of the most recent reporting period. 13.71% of the stock is owned by institutional investors.

Precision Optics Company Profile

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.