Short Interest in Laser Photonics Co. (NASDAQ:LASE) Increases By 24.4%

Laser Photonics Co. (NASDAQ:LASE) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 43,400 shares, an increase of 24.4% from the May 31st total of 34,900 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Laser Photonics

A hedge fund recently bought a new stake in Laser Photonics stock. Virtu Financial LLC purchased a new position in shares of Laser Photonics Co. (NASDAQ:LASE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,472 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned about 0.30% of Laser Photonics at the end of the most recent quarter. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Laser Photonics Trading Up 1.1 %

Shares of LASE traded up $0.02 during midday trading on Tuesday, hitting $1.92. The stock had a trading volume of 14,391 shares, compared to its average volume of 1,208,852. Laser Photonics has a fifty-two week low of $0.67 and a fifty-two week high of $4.48. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $1.62. The firm has a market cap of $17.80 million, a P/E ratio of -8.00 and a beta of 3.26.

Laser Photonics (NASDAQ:LASE) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.74 million for the quarter.

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.