Optex Systems Holdings, Inc (NASDAQ:OPXS) Short Interest Update

Optex Systems Holdings, Inc (NASDAQ:OPXS) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 15,000 shares, an increase of 23.0% from the April 30th total of 12,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is presently 0.8 days.

Optex Systems Stock Performance

Shares of OPXS stock traded up $0.22 during mid-day trading on Tuesday, hitting $8.85. The company’s stock had a trading volume of 15,386 shares, compared to its average volume of 21,011. Optex Systems has a 52 week low of $5.36 and a 52 week high of $10.30. The company has a market cap of $61.18 million, a PE ratio of 14.51 and a beta of 0.25. The company’s fifty day simple moving average is $6.72 and its 200-day simple moving average is $6.86.

Optex Systems (NASDAQ:OPXS) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $10.73 million during the quarter. Optex Systems had a return on equity of 22.99% and a net margin of 11.87%.

Insider Buying and Selling

In other news, CEO Danny Robert Schoening sold 9,787 shares of Optex Systems stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.05, for a total value of $78,785.35. Following the completion of the transaction, the chief executive officer now owns 924,794 shares of the company’s stock, valued at $7,444,591.70. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dale E. Lehmann sold 30,000 shares of Optex Systems stock in a transaction on Friday, March 7th. The stock was sold at an average price of $5.65, for a total transaction of $169,500.00. Following the transaction, the director now directly owns 144,258 shares of the company’s stock, valued at approximately $815,057.70. This trade represents a 17.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,000 shares of company stock valued at $346,243. 30.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Optex Systems

Several large investors have recently added to or reduced their stakes in OPXS. Topline Capital Management LLC bought a new stake in Optex Systems in the fourth quarter worth $5,350,000. Huntleigh Advisors Inc. raised its holdings in shares of Optex Systems by 6.4% during the first quarter. Huntleigh Advisors Inc. now owns 33,395 shares of the company’s stock valued at $190,000 after acquiring an additional 2,021 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Optex Systems by 23.0% during the fourth quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock valued at $162,000 after acquiring an additional 4,431 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Optex Systems by 22.5% during the fourth quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock valued at $149,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Fullcircle Wealth LLC bought a new position in shares of Optex Systems during the first quarter valued at approximately $83,000. Institutional investors own 19.07% of the company’s stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.