LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 48,400 shares, a decrease of 28.5% from the October 31st total of 67,700 shares. Based on an average daily trading volume, of 74,400 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

LPTH has been the subject of several analyst reports. StockNews.com initiated coverage on shares of LightPath Technologies in a report on Saturday, November 23rd. They set a “hold” rating for the company. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Stock Performance

Shares of LPTH stock remained flat at $1.66 during trading hours on Friday. 56,507 shares of the stock traded hands, compared to its average volume of 57,715. The stock has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.38. The firm has a market capitalization of $65.85 million, a PE ratio of -7.55 and a beta of 1.30. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.74. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 25.86% and a negative return on equity of 26.51%. The business had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, equities analysts expect that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

A number of large investors have recently bought and sold shares of LPTH. Murphy Pohlad Asset Management LLC raised its stake in shares of LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after acquiring an additional 10,500 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after acquiring an additional 67,429 shares during the period. AIGH Capital Management LLC raised its stake in shares of LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after acquiring an additional 200,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after acquiring an additional 211,626 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.