Short Interest in Precision Optics Co., Inc. (NASDAQ:POCI) Decreases By 76.2%

Precision Optics Co., Inc. (NASDAQ:POCIGet Free Report) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 4,100 shares, a decrease of 76.2% from the February 13th total of 17,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 11,200 shares, the short-interest ratio is currently 0.4 days.

Precision Optics Trading Down 4.1 %

NASDAQ:POCI opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 0.62. The firm has a market capitalization of $34.37 million, a price-to-earnings ratio of -7.03 and a beta of 0.23. Precision Optics has a one year low of $3.47 and a one year high of $6.90. The business has a fifty day moving average price of $4.80 and a 200-day moving average price of $4.90.

Precision Optics (NASDAQ:POCIGet Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. Precision Optics had a negative return on equity of 39.17% and a negative net margin of 21.46%. The business had revenue of $4.53 million during the quarter.

Institutional Investors Weigh In On Precision Optics

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in shares of Precision Optics during the fourth quarter valued at about $93,000. Geode Capital Management LLC grew its position in shares of Precision Optics by 95.5% during the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock valued at $292,000 after purchasing an additional 25,530 shares in the last quarter. WealthTrust Axiom LLC grew its position in shares of Precision Optics by 3.9% during the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after purchasing an additional 9,366 shares in the last quarter. Finally, Needham Investment Management LLC lifted its holdings in shares of Precision Optics by 6.9% in the 4th quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock valued at $2,061,000 after acquiring an additional 27,500 shares during the last quarter. Hedge funds and other institutional investors own 13.71% of the company’s stock.

Precision Optics Company Profile

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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.

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