Optical Cable Co. (NASDAQ:OCC) Short Interest Update

Optical Cable Co. (NASDAQ:OCC) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 59,200 shares, a drop of 43.5% from the January 31st total of 104,700 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 650,900 shares, the days-to-cover ratio is presently 0.1 days.

Optical Cable Stock Performance

OCC stock traded down $0.32 during trading hours on Monday, reaching $3.72. The stock had a trading volume of 55,238 shares, compared to its average volume of 77,311. The stock has a market capitalization of $30.58 million, a PE ratio of -6.89 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. The stock has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $3.23. Optical Cable has a fifty-two week low of $2.02 and a fifty-two week high of $7.00.

Optical Cable (NASDAQ:OCC) last posted its earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.

Institutional Trading of Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can bought a new position in shares of Optical Cable Co. (NASDAQ:OCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.12% of Optical Cable as of its most recent filing with the Securities and Exchange Commission. 13.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Optical Cable from a “hold” rating to a “buy” rating in a research note on Saturday.

Optical Cable Company Profile

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.