Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 204,200 shares, a drop of 21.0% from the December 31st total of 258,600 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Laser Photonics

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Laser Photonics during the third quarter worth approximately $577,000. Anson Funds Management LP bought a new position in Laser Photonics in the 3rd quarter valued at $4,077,000. Geode Capital Management LLC increased its stake in shares of 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 period. XTX Topco Ltd bought a new stake in shares of Laser Photonics during the second quarter worth $32,000. Finally, Spire Wealth Management acquired a new position in shares of Laser Photonics during the fourth quarter valued at $81,000. Institutional investors own 1.90% of the company’s stock.

Laser Photonics Stock Performance

Laser Photonics stock traded down $0.12 on Friday, reaching $4.74. The company’s stock had a trading volume of 237,636 shares, compared to its average volume of 260,301. The business’s fifty day moving average price is $5.51 and its 200 day moving average price is $5.57. The company has a market cap of $65.56 million, a price-to-earnings ratio of -10.77 and a beta of 3.53. Laser Photonics has a twelve month low of $0.98 and a twelve month high of $19.80.

Laser Photonics Company Profile

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.