Precision Optics Corp. (NASDAQ:POCI) Short Interest Update

Precision Optics Corp. (NASDAQ:POCI) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 19,981 shares, a growth of 57.7% from the January 15th total of 12,674 shares. Based on an average daily trading volume, of 28,639 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 28,639 shares, the days-to-cover ratio is presently 0.7 days.

Precision Optics Trading Down 5.7%

Shares of POCI opened at $4.76 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $36.75 million, a P/E ratio of -5.67 and a beta of 0.32. The stock’s fifty day simple moving average is $4.57 and its 200 day simple moving average is $4.51. Precision Optics has a twelve month low of $3.77 and a twelve month high of $6.04.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $6.68 million for the quarter. Precision Optics had a negative net margin of 28.31% and a negative return on equity of 53.29%.

Institutional Trading of Precision Optics

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in Precision Optics in the third quarter valued at approximately $49,000. Geode Capital Management LLC grew its stake in Precision Optics by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock worth $245,000 after buying an additional 1,926 shares during the period. DRW Securities LLC acquired a new stake in shares of Precision Optics in the fourth quarter worth $94,000. Finally, Jane Street Group LLC purchased a new position in shares of Precision Optics in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Precision Optics in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.