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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Precision Optics stock. Mesirow Financial Investment Management Inc. purchased a new stake in Precision Optics Co., Inc. (NASDAQ:POCI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,894 shares of the company’s stock, valued at approximately $149,000. Mesirow Financial Investment Management Inc. owned 0.44% of Precision Optics at the end of the most recent reporting period. 13.71% of the stock is currently owned by institutional investors.

Precision Optics Stock Performance

POCI traded down $0.40 on Friday, hitting $5.74. 17,563 shares of the stock traded hands, compared to its average volume of 7,588. The business has a fifty day moving average price of $5.64 and a two-hundred day moving average price of $5.83. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $34.86 million, a PE ratio of -20.50 and a beta of 0.16. Precision Optics has a 52 week low of $4.92 and a 52 week high of $6.90.

About Precision Optics

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.