Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Declines By 27.4%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 64,800 shares, a drop of 27.4% from the October 31st total of 89,200 shares. Based on an average daily trading volume, of 42,500 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the shares of the stock are short sold.

Syntec Optics Trading Up 1.8 %

Shares of Syntec Optics stock traded up $0.02 during trading on Friday, reaching $0.88. The company’s stock had a trading volume of 73,837 shares, compared to its average volume of 64,790. The business has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.75. Syntec Optics has a 12-month low of $0.85 and a 12-month high of $8.39. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.38.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.