Short Interest in Laser Photonics Co. (NASDAQ:LASE) Increases By 45.2%

Laser Photonics Co. (NASDAQ:LASE) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 617,900 shares, an increase of 45.2% from the January 31st total of 425,600 shares. Approximately 11.7% of the company’s shares are short sold. Based on an average daily volume of 319,600 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Laser Photonics

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Laser Photonics in the fourth quarter worth about $69,000. Spire Wealth Management bought a new position in Laser Photonics in the fourth quarter worth about $81,000. Commonwealth Equity Services LLC bought a new position in Laser Photonics in the fourth quarter worth about $108,000. Renaissance Technologies LLC bought a new position in shares of Laser Photonics during the fourth quarter valued at approximately $134,000. Finally, Geode Capital Management LLC increased its stake in shares of Laser Photonics by 30.1% during the fourth quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock valued at $456,000 after purchasing an additional 18,283 shares in the last quarter. 1.90% of the stock is owned by institutional investors.

Laser Photonics Trading Up 3.8 %

Laser Photonics stock opened at $3.51 on Wednesday. The firm has a 50-day moving average of $4.77 and a 200-day moving average of $5.86. The firm has a market cap of $48.55 million, a P/E ratio of -7.98 and a beta of 3.47. Laser Photonics has a 1-year low of $1.28 and a 1-year high of $19.80.

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.