Short Interest in Laser Photonics Co. (NASDAQ:LASE) Declines By 19.2%

Laser Photonics Co. (NASDAQ:LASE) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 258,600 shares, a drop of 19.2% from the November 30th total of 320,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the short-interest ratio is currently 0.1 days. Currently, 5.2% of the shares of the stock are sold short.

Institutional Trading of Laser Photonics

Large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Laser Photonics during the second quarter valued at approximately $32,000. Jane Street Group LLC acquired a new position in Laser Photonics during the 3rd quarter worth $577,000. Geode Capital Management LLC boosted its position in Laser Photonics by 53.4% in the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock valued at $989,000 after buying an additional 21,106 shares during the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of Laser Photonics in the 3rd quarter valued at $4,077,000. Institutional investors own 1.90% of the company’s stock.

Laser Photonics Stock Down 7.8 %

LASE stock traded down $0.49 during midday trading on Tuesday, reaching $5.78. 419,293 shares of the company’s stock traded hands, compared to its average volume of 1,519,843. The company has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $5.09. Laser Photonics has a 1-year low of $0.98 and a 1-year high of $19.80. The company has a market cap of $79.95 million, a price-to-earnings ratio of -13.14 and a beta of 3.55.

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.