LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTHGet Free Report) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 90,900 shares, an increase of 5.3% from the October 15th total of 86,300 shares. Based on an average daily trading volume, of 42,600 shares, the short-interest ratio is presently 2.1 days.

LightPath Technologies Stock Performance

LPTH traded up $0.03 on Friday, hitting $1.25. 20,474 shares of the company’s stock were exchanged, compared to its average volume of 91,561. The company has a current ratio of 2.34, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.54. LightPath Technologies has a twelve month low of $1.05 and a twelve month high of $2.00. The firm has a market cap of $46.83 million, a PE ratio of -10.08 and a beta of 1.63.

LightPath Technologies (NASDAQ:LPTHGet Free Report) last announced its quarterly earnings results on Thursday, September 14th. The technology company reported ($0.02) earnings per share for the quarter. LightPath Technologies had a negative return on equity of 11.80% and a negative net margin of 11.91%. The company had revenue of $9.69 million for the quarter, compared to analyst estimates of $9.12 million. On average, research analysts anticipate that LightPath Technologies will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LightPath Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Worth Venture Partners LLC grew its position in shares of LightPath Technologies by 9.9% during the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after acquiring an additional 83,649 shares during the last quarter. AIGH Capital Management LLC grew its position in LightPath Technologies by 9.9% in the 3rd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $5,400,000 after purchasing an additional 335,000 shares during the last quarter. AMH Equity Ltd increased its stake in shares of LightPath Technologies by 3.7% in the third quarter. AMH Equity Ltd now owns 2,508,201 shares of the technology company’s stock valued at $3,637,000 after purchasing an additional 88,501 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of LightPath Technologies during the third quarter valued at approximately $50,000. Finally, Citadel Advisors LLC boosted its position in shares of LightPath Technologies by 130.4% during the second quarter. Citadel Advisors LLC now owns 84,072 shares of the technology company’s stock worth $113,000 after buying an additional 47,580 shares during the period. 43.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LPTH shares. StockNews.com initiated coverage on shares of LightPath Technologies in a research report on Monday. They set a “hold” rating on the stock. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research report on Tuesday, September 19th.

View Our Latest Report on LightPath Technologies

About LightPath Technologies

(Get Free Report)

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.

Further Reading

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