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

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 6,100 shares, a growth of 27.1% from the October 31st total of 4,800 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 0.3 days.

Insiders Place Their Bets

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 196,198 shares in the company, valued at $980,990. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. Needham Investment Management LLC increased its position in shares of Precision Optics Co., Inc. (NASDAQ:POCI) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the company’s stock after acquiring an additional 33,283 shares during the period. Needham Investment Management LLC owned about 6.30% of Precision Optics worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission. 13.71% of the stock is owned by institutional investors.

Precision Optics Trading Down 4.2 %

Shares of POCI stock opened at $4.82 on Monday. The stock has a market cap of $30.61 million, a P/E ratio of -7.77 and a beta of 0.21. Precision Optics has a 1 year low of $3.47 and a 1 year high of $6.90. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $4.72 and a 200 day simple moving average of $5.50.

Precision Optics (NASDAQ:POCI) last released its earnings results on Monday, September 30th. The company reported ($0.23) earnings per share for the quarter. Precision Optics had a negative net margin of 20.01% and a negative return on equity of 35.51%. The company had revenue of $4.72 million for the quarter.

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.