Syntec Optics Holdings, Inc. (NASDAQ:OPTXW) Shares Shorted: Short Interest Up 1,879.0% in September

Syntec Optics Holdings, Inc. (NASDAQ:OPTXW) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,958 shares, an increase of 1,879.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 35,010 shares, the days-to-cover ratio is currently 0.1 days.

Syntec Optics Price Performance

Shares of OPTXW stock traded down $0.01 on Friday, hitting $1.94. The stock had a trading volume of 24,040 shares, compared to its average volume of 93,059. Syntec Optics has a 52-week low of $0.09 and a 52-week high of $3.48. The stock’s 50 day moving average is $1.54 and its 200-day moving average is $1.60.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc is a U.S.-based designer and manufacturer of advanced optical systems and photonics products. The company supplies precision optics, optical assemblies and related components for applications in the defense, space, medical and industrial markets.

Its capabilities include the production of polymer and glass optics, precision-molded lenses, infrared optics, laser optics, optical coatings and diffractive optical elements. Syntec Optics also provides engineering, prototyping, coating, assembly and manufacturing services, allowing customers to source integrated optical solutions for specialized imaging, sensing and communications applications.

The company is headquartered in Rochester, New York, and serves customers through its U.S.-based operations.