Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 258,600 shares, a decline of 19.2% from the November 30th total of 320,000 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average trading volume of 2,560,000 shares, the days-to-cover ratio is presently 0.1 days.

Laser Photonics Trading Down 7.8 %

LASE traded down $0.49 on Tuesday, hitting $5.78. 419,293 shares of the stock traded hands, compared to its average volume of 1,519,843. The business has a fifty day moving average price of $5.55 and a two-hundred day moving average price of $5.09. Laser Photonics has a 52 week low of $0.98 and a 52 week high of $19.80. The firm has a market capitalization of $79.95 million, a PE ratio of -13.14 and a beta of 3.55.

Institutional Trading of Laser Photonics

A number of institutional investors and hedge funds have recently modified their holdings of LASE. XTX Topco Ltd acquired a new position in Laser Photonics in the second quarter worth about $32,000. Jane Street Group LLC acquired a new position in shares of Laser Photonics in the 3rd quarter worth approximately $577,000. Geode Capital Management LLC lifted its position in shares of Laser Photonics by 53.4% during the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock worth $989,000 after buying an additional 21,106 shares during the period. Finally, Anson Funds Management LP bought a new position in shares of Laser Photonics during the 3rd quarter worth approximately $4,077,000. 1.90% of the stock is currently owned by institutional investors.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.