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

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 26,000 shares, a drop of 29.3% from the January 31st total of 36,800 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is presently 0.0 days.

Syntec Optics Trading Up 4.0 %

Shares of OPTX traded up $0.05 during mid-day trading on Wednesday, reaching $1.30. 118,131 shares of the company’s stock were exchanged, compared to its average volume of 179,165. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. Syntec Optics has a 52-week low of $0.85 and a 52-week high of $8.39. The company has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $1.63.

Hedge Funds Weigh In On Syntec Optics

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

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.