Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Decreases By 28.1%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 18,700 shares, a drop of 28.1% from the February 13th total of 26,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 2,870,000 shares, the days-to-cover ratio is currently 0.0 days.

Syntec Optics Trading Up 1.6 %

Shares of OPTX traded up $0.02 during midday trading on Monday, reaching $1.27. The stock had a trading volume of 45,042 shares, compared to its average volume of 932,265. Syntec Optics has a 1-year low of $0.85 and a 1-year high of $8.39. The company’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $1.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63.

Institutional Investors Weigh In On Syntec Optics

A number of hedge funds and other institutional investors have recently modified their holdings of OPTX. Two Sigma Investments LP purchased a new position in shares of Syntec Optics in the 4th quarter valued at $31,000. Jane Street Group LLC purchased a new position in shares of Syntec Optics in the 4th quarter valued at $86,000. Blue Owl Capital Holdings LP purchased a new position in shares of Syntec Optics in the 4th quarter valued at $125,000. Tower Research Capital LLC TRC grew its position in shares of Syntec Optics by 205.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after buying an additional 7,777 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 16,033 shares during the last quarter.

Syntec Optics Company Profile

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.