Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Grows By 168.7%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 89,200 shares, an increase of 168.7% from the October 15th total of 33,200 shares. Based on an average daily trading volume, of 48,800 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.5% of the shares of the stock are short sold.

Syntec Optics Trading Down 2.6 %

Syntec Optics stock opened at $1.49 on Wednesday. The company’s fifty day moving average price is $1.32 and its 200 day moving average price is $1.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.65. Syntec Optics has a 1 year low of $0.95 and a 1 year high of $10.43.

Syntec Optics (NASDAQ:OPTX) last announced its earnings results on Wednesday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $7.01 million during the quarter.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.