Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Sees Large Decrease in Short Interest

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 47,900 shares, a decrease of 23.2% from the March 15th total of 62,400 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 137,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Syntec Optics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Syntec Optics by 23.9% during the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock worth $209,000 after purchasing an additional 16,033 shares during the last quarter. Blue Owl Capital Holdings LP acquired a new stake in Syntec Optics during the fourth quarter worth approximately $125,000. Jane Street Group LLC purchased a new stake in Syntec Optics in the 4th quarter worth approximately $86,000. Two Sigma Investments LP acquired a new position in Syntec Optics in the 4th quarter valued at $31,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock worth $29,000 after purchasing an additional 7,777 shares during the last quarter.

Syntec Optics Trading Down 6.1 %

Shares of Syntec Optics stock traded down $0.08 during trading on Friday, hitting $1.24. 31,900 shares of the company were exchanged, compared to its average volume of 944,607. Syntec Optics has a fifty-two week low of $0.85 and a fifty-two week high of $8.39. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.61.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.