Precision Optics Co., Inc. (NASDAQ:POCI – Get Free Report) was the recipient of a large 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. Approximately 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 currently 0.5 days.
Precision Optics Stock Down 6.5 %
Precision Optics stock traded down $0.40 during mid-day trading on Friday, hitting $5.74. The company’s stock had a trading volume of 17,563 shares, compared to its average volume of 21,507. Precision Optics has a 52-week low of $4.92 and a 52-week high of $6.90. The company has a market cap of $34.84 million, a PE ratio of -20.50 and a beta of 0.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.05. The firm’s 50 day moving average is $5.64 and its 200 day moving average is $5.83.
Institutional Investors Weigh In On Precision Optics
A hedge fund recently bought a new stake in Precision Optics stock. Mesirow Financial Investment Management Inc. bought a new position in shares of Precision Optics Co., Inc. (NASDAQ:POCI – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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. Institutional investors own 13.71% of the company’s stock.
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.
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