Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Update

Precision Optics Co., Inc. (NASDAQ:POCI) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 6,100 shares, a growth of 27.1% from the October 31st total of 4,800 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Insider Transactions at Precision Optics

In other Precision Optics news, Director Peter V. Anania sold 14,400 shares of Precision Optics stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $5.00, for a total value of $72,000.00. Following the transaction, the director now owns 196,198 shares in the company, valued at $980,990. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Precision Optics

An institutional investor recently raised its position in Precision Optics stock. Geode Capital Management LLC raised its position in Precision Optics Co., Inc. (NASDAQ:POCI) by 95.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,268 shares of the company’s stock after purchasing an additional 25,530 shares during the quarter. Geode Capital Management LLC owned 0.82% of Precision Optics worth $292,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Trading Down 4.2 %

POCI opened at $4.82 on Monday. The company has a market cap of $30.61 million, a P/E ratio of -7.77 and a beta of 0.21. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $4.72 and its 200-day moving average is $5.50. Precision Optics has a 1-year low of $3.47 and a 1-year high of $6.90.

Precision Optics (NASDAQ:POCI) last issued its earnings results on Monday, September 30th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $4.72 million during the quarter. Precision Optics had a negative net margin of 20.01% and a negative return on equity of 35.51%.

About Precision Optics

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.