Precision Optics Co., Inc. (NASDAQ:POCI) Sees Large Increase in Short Interest

Precision Optics Co., Inc. (NASDAQ:POCI) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,500 shares, a growth of 180.5% from the February 28th total of 4,100 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in Precision Optics by 95.5% during the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock worth $292,000 after acquiring an additional 25,530 shares during the last quarter. Citadel Advisors LLC acquired a new position in Precision Optics during the fourth quarter worth approximately $93,000. Needham Investment Management LLC grew its stake in shares of Precision Optics by 6.9% during the 4th quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock valued at $2,061,000 after buying an additional 27,500 shares during the period. Finally, WealthTrust Axiom LLC grew its position in 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 acquiring an additional 9,366 shares during the period. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Price Performance

POCI stock opened at $4.13 on Friday. Precision Optics has a 1 year low of $3.47 and a 1 year high of $6.90. The business’s 50-day moving average is $4.72 and its two-hundred day moving average is $4.84. 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 $31.54 million, a P/E ratio of -6.45 and a beta of 0.23.

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

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.