Precision Optics Co., Inc. (NASDAQ:POCI) Sees Significant Growth in Short Interest

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 11,500 shares, a growth of 180.5% from the February 28th total of 4,100 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Precision Optics

A number of institutional investors have recently bought and sold shares of POCI. Needham Investment Management LLC lifted its holdings in shares of Precision Optics by 9.1% during the 3rd quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $2,232,000 after buying an additional 33,283 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Precision Optics by 95.5% during the 3rd quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock valued at $292,000 after acquiring an additional 25,530 shares during the last quarter. WealthTrust Axiom LLC raised its position in shares of Precision Optics by 3.9% in the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after purchasing an additional 9,366 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Precision Optics in the fourth quarter worth $93,000. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Trading Up 1.5 %

NASDAQ:POCI opened at $4.47 on Thursday. The stock’s 50-day moving average is $4.75 and its two-hundred day moving average is $4.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 0.62. The stock has a market cap of $34.10 million, a PE ratio of -6.98 and a beta of 0.23. Precision Optics has a fifty-two week low of $3.47 and a fifty-two week high of $6.90.

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

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.