Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Up 25.7% in September

Posted by Maddie Sorensen on Sep 30th, 2024

Precision Optics Co., Inc. (NASDAQ:POCI – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,400 shares, a growth of 25.7% from the August 31st total of 3,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Precision Optics stock. Mesirow Financial Investment Management Inc. purchased a new position in Precision Optics Co., Inc. (NASDAQ:POCI – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,894 shares of the company’s stock, valued at approximately $149,000. Mesirow Financial Investment Management Inc. owned about 0.44% of Precision Optics at the end of the most recent reporting period. 13.71% of the stock is owned by institutional investors.

Precision Optics Stock Down 2.3 %

Shares of POCI stock traded down $0.13 on Monday, reaching $5.61. 216 shares of the company’s stock traded hands, compared to its average volume of 7,588. Precision Optics has a 12-month low of $4.92 and a 12-month high of $6.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.64. The company has a market capitalization of $34.08 million, a P/E ratio of -20.50 and a beta of 0.16. The business’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.83.

About Precision Optics

(Get Free Report)

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.