Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Drops By 29.3%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 26,000 shares, a decrease of 29.3% from the January 31st total of 36,800 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 2,860,000 shares, the short-interest ratio is currently 0.0 days.

Syntec Optics Price Performance

Shares of OPTX stock traded down $0.21 on Monday, reaching $1.12. The company’s stock had a trading volume of 85,024 shares, compared to its average volume of 925,863. The stock’s fifty day simple moving average is $2.17 and its 200-day simple moving average is $1.64. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38. Syntec Optics has a 1 year low of $0.85 and a 1 year high of $8.39.

Hedge Funds Weigh In On Syntec Optics

A number of institutional investors and hedge funds have recently made changes to their positions in OPTX. Geode Capital Management LLC lifted its holdings in shares of Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock valued at $209,000 after acquiring an additional 16,033 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Syntec Optics by 205.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock worth $29,000 after purchasing an additional 7,777 shares during the period. Blue Owl Capital Holdings LP purchased a new stake in Syntec Optics during the 4th quarter valued at $125,000. Jane Street Group LLC bought a new stake in Syntec Optics in the fourth quarter worth $86,000. Finally, Two Sigma Investments LP purchased a new position in Syntec Optics during the fourth quarter worth $31,000.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.