Short Interest in Precision Optics Co., Inc. (NASDAQ:POCI) Rises By 36.6%

Precision Optics Co., Inc. (NASDAQ:POCI) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 19,800 shares, a growth of 36.6% from the December 15th total of 14,500 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is presently 1.4 days.

Precision Optics Stock Down 1.3 %

Shares of POCI traded down $0.07 on Thursday, hitting $4.82. The company’s stock had a trading volume of 1,617 shares, compared to its average volume of 12,342. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $30.63 million, a price-to-earnings ratio of -7.74 and a beta of 0.27. The firm’s fifty day moving average price is $5.01 and its 200-day moving average price is $5.21. Precision Optics has a fifty-two week low of $3.47 and a fifty-two week high of $6.90.

Insider Activity

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total transaction of $72,000.00. Following the transaction, the director now owns 196,198 shares in the company, valued at approximately $980,990. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Precision Optics

A hedge fund recently raised its stake in Precision Optics stock. Geode Capital Management LLC grew its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,268 shares of the company’s stock after purchasing an additional 25,530 shares during the period. Geode Capital Management LLC owned approximately 0.82% of Precision Optics worth $292,000 at the end of the most recent quarter. 13.71% of the stock is currently owned by institutional investors and hedge funds.

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.