Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Down 25.2% in March

Precision Optics Co., Inc. (NASDAQ:POCI) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 8,600 shares, a decrease of 25.2% from the March 15th total of 11,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 0.7 days.

Precision Optics Trading Down 1.1 %

Shares of POCI opened at $3.96 on Monday. Precision Optics has a 52-week low of $3.47 and a 52-week high of $6.90. The stock has a market cap of $30.20 million, a PE ratio of -6.18 and a beta of 0.19. The firm’s fifty day moving average is $4.39 and its two-hundred day moving average is $4.66. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 0.17.

Precision Optics (NASDAQ:POCI) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.15) EPS for the quarter. The business had revenue of $4.53 million during the quarter. Precision Optics had a negative net margin of 21.46% and a negative return on equity of 39.17%.

Institutional Trading of Precision Optics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC increased its holdings in shares of Precision Optics by 6.9% during the 4th quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock worth $2,061,000 after buying an additional 27,500 shares during the last quarter. WealthTrust Axiom LLC raised its position in Precision Optics by 3.9% in the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after purchasing an additional 9,366 shares during the period. Geode Capital Management LLC lifted its stake in shares of Precision Optics by 95.5% in the 3rd quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock valued at $292,000 after purchasing an additional 25,530 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Precision Optics during the 4th quarter worth $93,000. 13.71% of the stock is 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.