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

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

Insider Buying and Selling at Precision Optics

In related news, Director Peter V. Anania sold 14,400 shares of Precision Optics stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $5.00, for a total value of $72,000.00. Following the transaction, the director now owns 196,198 shares in the company, valued at $980,990. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Precision Optics

An institutional investor recently raised its position in Precision Optics stock. Needham Investment Management LLC boosted its stake in Precision Optics Co., Inc. (NASDAQ:POCI) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,000 shares of the company’s stock after buying an additional 33,283 shares during the quarter. Needham Investment Management LLC owned approximately 6.30% of Precision Optics worth $2,232,000 at the end of the most recent quarter. 13.71% of the stock is owned by institutional investors.

Precision Optics Stock Performance

Shares of POCI remained flat at $4.89 during mid-day trading on Friday. The stock had a trading volume of 9,143 shares, compared to its average volume of 8,729. The firm has a market capitalization of $31.05 million, a price-to-earnings ratio of -7.89 and a beta of 0.27. Precision Optics has a 12 month low of $3.47 and a 12 month high of $6.90. The business has a 50 day moving average of $5.01 and a 200-day moving average of $5.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 0.76.

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.