Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Up 36.6% in December

Precision Optics Co., Inc. (NASDAQ:POCI) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 19,800 shares, a growth of 36.6% from the December 15th total of 14,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is currently 1.4 days.

Precision Optics Price Performance

Shares of POCI remained flat at $4.89 during trading hours on Friday. 9,143 shares of the company were exchanged, compared to its average volume of 8,729. The company has a market cap of $31.05 million, a P/E ratio of -7.89 and a beta of 0.27. Precision Optics has a 1-year low of $3.47 and a 1-year high of $6.90. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $5.01 and its 200-day moving average is $5.20.

Insider Activity

In other news, Director Peter V. Anania sold 14,400 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 196,198 shares of the company’s stock, valued at $980,990. This represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Precision Optics

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

About Precision Optics

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.