POET Technologies Inc. (NASDAQ:POET – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,780,000 shares, a decline of 14.8% from the September 30th total of 2,090,000 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 1,580,000 shares, the days-to-cover ratio is presently 1.1 days.
Wall Street Analyst Weigh In
Separately, Craig Hallum raised their price target on POET Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a report on Thursday, September 12th.
View Our Latest Stock Analysis on POET Technologies
POET Technologies Stock Up 2.6 %
POET Technologies (NASDAQ:POET – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). On average, equities research analysts anticipate that POET Technologies will post -0.45 EPS for the current fiscal year.
POET Technologies Company Profile
POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.
See Also
- Five stocks we like better than POET Technologies
- What Does a Stock Split Mean?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- What does consumer price index measure?
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for POET Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POET Technologies and related companies with MarketBeat.com's FREE daily email newsletter.