Optical Cable Co. (NASDAQ:OCC) Sees Significant Growth in Short Interest

Optical Cable Co. (NASDAQ:OCC) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 284,000 shares, a growth of 1,451.9% from the December 31st total of 18,300 shares. Currently, 5.3% of the company’s shares are short sold. Based on an average trading volume of 620,600 shares, the short-interest ratio is presently 0.5 days.

Optical Cable Stock Performance

Shares of OCC remained flat at $5.17 during trading hours on Tuesday. 57,488 shares of the stock were exchanged, compared to its average volume of 105,323. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00. The stock has a 50-day moving average of $3.45 and a two-hundred day moving average of $2.92. The stock has a market capitalization of $42.50 million, a price-to-earnings ratio of -9.57 and a beta of 0.31. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52.

Optical Cable (NASDAQ:OCC) last announced its quarterly earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

About Optical Cable

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.