Short Interest in Optex Systems Holdings, Inc (NASDAQ:OPXS) Drops By 46.2%

Optex Systems Holdings, Inc (NASDAQ:OPXS) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,400 shares, a drop of 46.2% from the December 31st total of 2,600 shares. Based on an average daily trading volume, of 28,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Insider Activity at Optex Systems

In other Optex Systems news, insider Topline Capital Management, Ll sold 13,674 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $7.24, for a total value of $98,999.76. Following the completion of the sale, the insider now owns 779,901 shares of the company’s stock, valued at approximately $5,646,483.24. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 30.30% of the stock is currently owned by insiders.

Institutional Trading of Optex Systems

Several institutional investors have recently added to or reduced their stakes in OPXS. Evernest Financial Advisors LLC purchased a new stake in shares of Optex Systems in the 4th quarter worth about $180,000. Geode Capital Management LLC lifted its position in Optex Systems by 44.7% during the 3rd quarter. Geode Capital Management LLC now owns 56,535 shares of the company’s stock valued at $431,000 after acquiring an additional 17,472 shares during the period. Finally, Essex Investment Management Co. LLC grew its holdings in Optex Systems by 58.3% in the third quarter. Essex Investment Management Co. LLC now owns 22,652 shares of the company’s stock worth $173,000 after purchasing an additional 8,346 shares during the period. 19.07% of the stock is currently owned by hedge funds and other institutional investors.

Optex Systems Stock Performance

NASDAQ OPXS traded down $0.02 during trading on Friday, hitting $6.68. 5,880 shares of the company’s stock traded hands, compared to its average volume of 18,616. The stock has a market capitalization of $46.09 million, a price-to-earnings ratio of 12.15 and a beta of 0.32. The business has a 50 day moving average of $7.49 and a 200-day moving average of $7.91. Optex Systems has a 12-month low of $5.45 and a 12-month high of $10.30.

Optex Systems (NASDAQ:OPXS) last announced its earnings results on Thursday, December 19th. The company reported $0.15 earnings per share for the quarter. Optex Systems had a return on equity of 22.21% and a net margin of 11.08%.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.