Short Interest in Laser Photonics Co. (NASDAQ:LASE) Drops By 21.0%

Laser Photonics Co. (NASDAQ:LASE) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 204,200 shares, a drop of 21.0% from the December 15th total of 258,600 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is presently 0.1 days. Approximately 4.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Laser Photonics in the third quarter worth about $577,000. Anson Funds Management LP acquired a new stake in shares of Laser Photonics during the 3rd quarter worth approximately $4,077,000. Geode Capital Management LLC lifted its holdings in shares of Laser Photonics by 53.4% in the 3rd quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock worth $989,000 after purchasing an additional 21,106 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Laser Photonics during the 2nd quarter valued at approximately $32,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Laser Photonics Stock Performance

Shares of NASDAQ LASE traded up $0.35 during trading on Thursday, reaching $5.55. The stock had a trading volume of 237,848 shares, compared to its average volume of 286,655. Laser Photonics has a one year low of $0.98 and a one year high of $19.80. The firm’s 50 day moving average price is $5.55 and its two-hundred day moving average price is $5.34. The stock has a market cap of $76.77 million, a PE ratio of -12.61 and a beta of 3.53.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.