LightPath Technologies, Inc. (NASDAQ:LPTH – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 59,200 shares, a decline of 12.8% from the May 31st total of 67,900 shares. Based on an average daily trading volume, of 57,300 shares, the short-interest ratio is presently 1.0 days.
Hedge Funds Weigh In On LightPath Technologies
A number of hedge funds have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC increased its holdings in LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after buying an additional 32,500 shares during the period. Archon Capital Management LLC increased its holdings in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after buying an additional 37,400 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in LightPath Technologies by 73.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after buying an additional 47,429 shares during the period. Worth Venture Partners LLC increased its holdings in LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after buying an additional 83,649 shares during the period. Finally, Vanguard Group Inc. increased its holdings in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the period. 56.29% of the stock is owned by institutional investors.
LightPath Technologies Price Performance
Shares of NASDAQ LPTH traded up $0.08 during mid-day trading on Tuesday, reaching $1.39. 56,567 shares of the company were exchanged, compared to its average volume of 57,013. The company’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 2.01. LightPath Technologies has a twelve month low of $1.12 and a twelve month high of $2.00.
Wall Street Analyst Weigh In
Several equities research analysts have commented on LPTH shares. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Friday, May 10th. StockNews.com began coverage on shares of LightPath Technologies in a research report on Tuesday. They set a “hold” rating for the company.
Read Our Latest Stock Analysis on LPTH
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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