Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Up 66.7% in December

Precision Optics Co., Inc. (NASDAQ:POCI) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 14,500 shares, an increase of 66.7% from the November 30th total of 8,700 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 1.0 days.

Insider Activity at Precision Optics

In related news, Director Peter V. Anania sold 14,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 196,198 shares of the company’s stock, valued at $980,990. This trade represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.30% of the stock is owned by company insiders.

Institutional Trading of Precision Optics

An institutional investor recently raised its position in Precision Optics stock. Geode Capital Management LLC raised its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 52,268 shares of the company’s stock after acquiring an additional 25,530 shares during the period. Geode Capital Management LLC owned approximately 0.82% of Precision Optics worth $292,000 as of its most recent filing with the SEC. 13.71% of the stock is owned by hedge funds and other institutional investors.

Precision Optics Trading Down 2.7 %

Shares of POCI stock traded down $0.14 during trading hours on Friday, hitting $5.01. 9,176 shares of the company were exchanged, compared to its average volume of 9,684. The company has a 50 day simple moving average of $4.79 and a two-hundred day simple moving average of $5.31. The firm has a market cap of $31.81 million, a P/E ratio of -8.08 and a beta of 0.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 1.41. Precision Optics has a fifty-two week low of $3.47 and a fifty-two week high of $6.90.

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