Optical Cable Co. (NASDAQ:OCC) Sees Significant Decrease in Short Interest

Optical Cable Co. (NASDAQ:OCC) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 10,200 shares, a drop of 38.6% from the October 31st total of 16,600 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Optical Cable

An institutional investor recently raised its position in Optical Cable stock. Legacy Financial Advisors Inc. increased its holdings in shares of Optical Cable Co. (NASDAQ:OCC) by 27.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,625 shares of the communications equipment provider’s stock after buying an additional 22,609 shares during the quarter. Legacy Financial Advisors Inc. owned 1.31% of Optical Cable worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 13.61% of the company’s stock.

Optical Cable Stock Down 0.5 %

NASDAQ:OCC traded down $0.01 during trading hours on Thursday, reaching $2.33. The company’s stock had a trading volume of 13,209 shares, compared to its average volume of 5,566. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.42 and a current ratio of 4.18. The company has a market capitalization of $19.18 million, a P/E ratio of -3.03 and a beta of 0.47. The stock has a 50 day moving average price of $2.48 and a two-hundred day moving average price of $2.66. Optical Cable has a 12 month low of $2.29 and a 12 month high of $3.53.

Optical Cable (NASDAQ:OCC) last posted its earnings results on Wednesday, September 11th. The communications equipment provider reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $16.22 million during the quarter. Optical Cable had a negative net margin of 9.07% and a negative return on equity of 25.06%.

About Optical Cable

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.