Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Sees Significant Increase in Short Interest

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 62,400 shares, an increase of 233.7% from the February 28th total of 18,700 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.0% of the company’s stock are short sold.

Syntec Optics Trading Down 8.8 %

Shares of NASDAQ:OPTX opened at $1.35 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.63. The stock has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.62. Syntec Optics has a 52-week low of $0.85 and a 52-week high of $8.39.

Hedge Funds Weigh In On Syntec Optics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $209,000 after buying an additional 16,033 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Syntec Optics by 205.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after purchasing an additional 7,777 shares in the last quarter. Blue Owl Capital Holdings LP purchased a new position in shares of Syntec Optics during the fourth quarter valued at approximately $125,000. Jane Street Group LLC bought a new stake in shares of Syntec Optics in the 4th quarter worth approximately $86,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Syntec Optics in the 4th quarter worth approximately $31,000.

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.