Short Interest in Precision Optics Co., Inc. (NASDAQ:POCI) Increases By 775.0%

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,500 shares, a growth of 775.0% from the August 15th total of 400 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Precision Optics

An institutional investor recently bought a new position in Precision Optics stock. Mesirow Financial Investment Management Inc. acquired a new position in Precision Optics Co., Inc. (NASDAQ:POCI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,894 shares of the company’s stock, valued at approximately $149,000. Mesirow Financial Investment Management Inc. owned about 0.44% of Precision Optics as of its most recent SEC filing. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Stock Up 2.9 %

Shares of POCI stock traded up $0.15 during trading hours on Friday, hitting $5.40. 10,092 shares of the company’s stock traded hands, compared to its average volume of 6,068. The stock’s fifty day simple moving average is $5.68 and its two-hundred day simple moving average is $5.81. Precision Optics has a 12-month low of $4.92 and a 12-month high of $6.90. The stock has a market cap of $32.78 million, a price-to-earnings ratio of -19.29 and a beta of 0.16. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

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.