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

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,800 shares, a decrease of 23.8% from the October 15th total of 6,300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Precision Optics stock. Needham Investment Management LLC grew its holdings in Precision Optics Co., Inc. (NASDAQ:POCI) by 9.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 400,000 shares of the company’s stock after acquiring an additional 33,283 shares during the quarter. Needham Investment Management LLC owned about 6.30% of Precision Optics worth $2,232,000 at the end of the most recent reporting period. 13.71% of the stock is owned by institutional investors and hedge funds.

Precision Optics Price Performance

Precision Optics stock traded up $0.50 during mid-day trading on Friday, reaching $5.23. The stock had a trading volume of 20,970 shares, compared to its average volume of 9,351. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.87 and a current ratio of 1.45. The company has a 50-day moving average price of $4.82 and a two-hundred day moving average price of $5.55. Precision Optics has a one year low of $3.47 and a one year high of $6.90.

Precision Optics (NASDAQ:POCI) last announced its quarterly earnings data on Monday, September 30th. The company reported ($0.23) EPS for the quarter. Precision Optics had a negative net margin of 15.45% and a negative return on equity of 26.62%. The business had revenue of $4.72 million during the quarter.

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.