Short Interest in Perceptron, Inc. (NASDAQ:PRCP) Expands By 71.0%

Perceptron, Inc. (NASDAQ:PRCP) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 94,400 shares, a growth of 71.0% from the August 15th total of 55,200 shares. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the shares of the company are short sold.

Institutional investors have recently made changes to their positions in the business. Simplex Trading LLC bought a new position in shares of Perceptron during the 2nd quarter worth about $35,000. RBF Capital LLC raised its position in Perceptron by 41.3% in the second quarter. RBF Capital LLC now owns 85,026 shares of the scientific and technical instruments company’s stock worth $281,000 after purchasing an additional 24,838 shares in the last quarter. Finally, Acuitas Investments LLC bought a new position in Perceptron during the second quarter worth about $1,099,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

PRCP stock opened at $4.12 on Tuesday. Perceptron has a twelve month low of $2.34 and a twelve month high of $7.29. The company has a quick ratio of 1.99, a current ratio of 2.47 and a debt-to-equity ratio of 0.08. The company has a market cap of $40.05 million, a PE ratio of -3.61 and a beta of 1.56. The business’s 50-day simple moving average is $4.27 and its 200 day simple moving average is $3.52.

Perceptron Company Profile

Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.

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