Optical Cable Co. (NASDAQ:OCC) Sees Large Decline in Short Interest

Optical Cable Co. (NASDAQ:OCC) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 200,500 shares, a decrease of 29.4% from the December 31st total of 284,000 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily trading volume, of 633,200 shares, the short-interest ratio is presently 0.3 days.

Optical Cable Trading Up 0.7 %

Shares of NASDAQ OCC opened at $5.47 on Friday. The company has a quick ratio of 1.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.52. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. The firm’s 50-day moving average is $3.52 and its two-hundred day moving average is $2.93.

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

Optical Cable Company Profile

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.