Optex Systems Holdings, Inc (NASDAQ:OPXS) Sees Large Decline in Short Interest

Optex Systems Holdings, Inc (NASDAQ:OPXS) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,600 shares, a decline of 20.0% from the February 13th total of 4,500 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Optex Systems Stock Performance

Shares of Optex Systems stock traded up $0.15 on Wednesday, reaching $5.70. The stock had a trading volume of 9,567 shares, compared to its average volume of 23,268. The business’s 50-day moving average price is $6.14 and its two-hundred day moving average price is $7.45. The stock has a market cap of $39.31 million, a P/E ratio of 9.34 and a beta of 0.26. Optex Systems has a fifty-two week low of $5.39 and a fifty-two week high of $10.30.

Optex Systems (NASDAQ:OPXS) last released its earnings results on Monday, February 10th. The company reported $0.12 earnings per share for the quarter. Optex Systems had a net margin of 11.87% and a return on equity of 22.99%.

Insider Activity at Optex Systems

In other news, insider Topline Capital Management, Ll sold 13,674 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $7.24, for a total transaction of $98,999.76. Following the transaction, the insider now owns 779,901 shares of the company’s stock, valued at approximately $5,646,483.24. This represents a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dale E. Lehmann sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $5.65, for a total value of $169,500.00. Following the completion of the sale, the director now owns 144,258 shares of the company’s stock, valued at approximately $815,057.70. This trade represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,162 shares of company stock valued at $356,041. Insiders own 30.30% of the company’s stock.

Institutional Trading of Optex Systems

Several hedge funds have recently added to or reduced their stakes in OPXS. Citadel Advisors LLC lifted its holdings in shares of Optex Systems by 23.0% during the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock worth $162,000 after buying an additional 4,431 shares during the last quarter. Topline Capital Management LLC bought a new position in Optex Systems during the fourth quarter worth $5,350,000. LPL Financial LLC raised its stake in Optex Systems by 22.5% during the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock valued at $149,000 after purchasing an additional 4,000 shares during the last quarter. IFP Advisors Inc bought a new stake in Optex Systems in the 4th quarter valued at $71,000. Finally, Evernest Financial Advisors LLC acquired a new stake in Optex Systems in the 4th quarter worth $180,000. Institutional investors own 19.07% of the company’s stock.

About Optex Systems

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.