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

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,700 shares, a drop of 59.1% from the May 31st total of 11,500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 548,700 shares, the days-to-cover ratio is currently 0.0 days.

Syntec Optics Price Performance

NASDAQ:OPTX traded down $0.31 during trading hours on Friday, hitting $3.05. The stock had a trading volume of 318,305 shares, compared to its average volume of 1,853,777. The business has a 50 day simple moving average of $3.03 and a two-hundred day simple moving average of $4.14. Syntec Optics has a 1-year low of $2.03 and a 1-year high of $19.50. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 0.25.

Syntec Optics (NASDAQ:OPTX) last released its quarterly earnings results on Thursday, May 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $6.26 million for the 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.