Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Update

Precision Optics Co., Inc. (NASDAQ:POCI) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 17,200 shares, a decrease of 12.7% from the January 31st total of 19,700 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Precision Optics

A number of hedge funds have recently added to or reduced their stakes in the business. Needham Investment Management LLC increased its stake in shares of Precision Optics by 6.9% in the 4th quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock valued at $2,061,000 after acquiring an additional 27,500 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in Precision Optics by 3.9% during the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock worth $1,192,000 after acquiring an additional 9,366 shares in the last quarter. Geode Capital Management LLC grew its holdings in Precision Optics by 95.5% in the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock worth $292,000 after purchasing an additional 25,530 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Precision Optics in the fourth quarter valued at $93,000. 13.71% of the stock is currently owned by institutional investors.

Precision Optics Stock Performance

POCI opened at $4.70 on Friday. Precision Optics has a twelve month low of $3.47 and a twelve month high of $6.90. The company has a fifty day moving average of $4.84 and a 200-day moving average of $4.93. The stock has a market cap of $35.89 million, a PE ratio of -7.34 and a beta of 0.23. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 0.17.

Precision Optics (NASDAQ:POCI) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $4.53 million for the quarter. Precision Optics had a negative return on equity of 39.17% and a negative net margin of 21.46%.

Precision Optics Company Profile

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.