Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 617,900 shares, a growth of 45.2% from the January 31st total of 425,600 shares. Currently, 11.7% of the shares of the stock are short sold. Based on an average trading volume of 319,600 shares, the days-to-cover ratio is currently 1.9 days.

Laser Photonics Stock Down 5.8 %

Shares of NASDAQ LASE traded down $0.21 during mid-day trading on Monday, hitting $3.38. 181,607 shares of the company traded hands, compared to its average volume of 235,250. Laser Photonics has a 1 year low of $1.21 and a 1 year high of $19.80. The stock has a market capitalization of $46.75 million, a price-to-earnings ratio of -7.68 and a beta of 3.47. The business has a 50 day moving average of $4.85 and a two-hundred day moving average of $5.85.

Institutional Trading of Laser Photonics

A number of hedge funds have recently bought and sold shares of LASE. Virtu Financial LLC acquired a new stake in shares of Laser Photonics during the fourth quarter valued at approximately $69,000. Spire Wealth Management purchased a new position in Laser Photonics during the 4th quarter worth approximately $81,000. Geode Capital Management LLC raised its stake in Laser Photonics by 30.1% during the 4th quarter. Geode Capital Management LLC now owns 78,939 shares of the company’s stock valued at $456,000 after purchasing an additional 18,283 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Laser Photonics in the fourth quarter valued at $108,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Laser Photonics in the fourth quarter worth $134,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.