Precision Optics Co., Inc. (NASDAQ:POCI) Sees Significant Decline in Short Interest

Precision Optics Co., Inc. (NASDAQ:POCI) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 17,200 shares, a decrease of 12.7% from the January 31st total of 19,700 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is currently 1.6 days.

Precision Optics Trading Up 6.2 %

NASDAQ POCI traded up $0.28 during trading on Thursday, hitting $4.79. The stock had a trading volume of 12,010 shares, compared to its average volume of 11,163. The stock has a market capitalization of $36.57 million, a price-to-earnings ratio of -7.48 and a beta of 0.28. The stock has a 50 day simple moving average of $4.85 and a 200 day simple moving average of $4.93. Precision Optics has a one year low of $3.47 and a one year high of $6.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.22.

Precision Optics (NASDAQ:POCI) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $4.53 million for the quarter. Precision Optics had a negative net margin of 21.46% and a negative return on equity of 39.17%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of POCI. Needham Investment Management LLC lifted its holdings in shares of Precision Optics by 6.9% in the 4th quarter. Needham Investment Management LLC now owns 427,500 shares of the company’s stock worth $2,061,000 after buying an additional 27,500 shares during the period. WealthTrust Axiom LLC raised its holdings in shares of Precision Optics by 3.9% in the fourth quarter. WealthTrust Axiom LLC now owns 247,280 shares of the company’s stock valued at $1,192,000 after acquiring an additional 9,366 shares in the last quarter. Geode Capital Management LLC lifted its stake in Precision Optics by 95.5% in the third quarter. Geode Capital Management LLC now owns 52,268 shares of the company’s stock worth $292,000 after acquiring an additional 25,530 shares during the period. Finally, Citadel Advisors LLC bought a new position in Precision Optics during the 4th quarter worth about $93,000. 13.71% of the stock is currently owned by hedge funds and other institutional investors.

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.