Optical Cable Co. (NASDAQ:OCC) Short Interest Update

Optical Cable Co. (NASDAQ:OCC) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 59,200 shares, a drop of 43.5% from the January 31st total of 104,700 shares. Based on an average daily trading volume, of 650,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Optical Cable

A hedge fund recently bought a new stake in Optical Cable stock. Bank of Montreal Can bought a new position in shares of Optical Cable Co. (NASDAQ:OCC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.12% of Optical Cable at the end of the most recent reporting period. 13.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Optical Cable from a “hold” rating to a “buy” rating in a report on Saturday.

Optical Cable Trading Down 1.2 %

Shares of NASDAQ:OCC traded down $0.05 during mid-day trading on Friday, hitting $4.04. The company had a trading volume of 21,703 shares, compared to its average volume of 77,877. The firm has a fifty day moving average price of $4.56 and a 200 day moving average price of $3.22. The company has a market capitalization of $33.21 million, a PE ratio of -7.48 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.49 and a quick ratio of 1.74. Optical Cable has a one year low of $2.02 and a one year high of $7.00.

Optical Cable (NASDAQ:OCC) last posted its quarterly earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.

About Optical Cable

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.