Optical Cable Co. (NASDAQ:OCC) Short Interest Update

Optical Cable Co. (NASDAQ:OCC) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 59,200 shares, a decline of 43.5% from the January 31st total of 104,700 shares. Based on an average daily volume of 650,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Trading of Optical Cable

An institutional investor recently bought a new position in Optical Cable stock. Bank of Montreal Can bought a new position in Optical Cable Co. (NASDAQ:OCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the communications equipment provider’s stock, valued at approximately $36,000. Bank of Montreal Can owned approximately 0.12% of Optical Cable at the end of the most recent reporting period. Institutional investors own 13.61% of the company’s stock.

Optical Cable Price Performance

Shares of NASDAQ OCC traded down $0.05 during midday trading on Friday, hitting $4.04. 21,703 shares of the company’s stock were exchanged, compared to its average volume of 77,877. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. The company has a current ratio of 4.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.52. The company has a market cap of $33.21 million, a price-to-earnings ratio of -7.48 and a beta of 0.34. The business’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $3.22.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings data on Monday, December 23rd. The communications equipment provider reported $0.05 EPS for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Optical Cable from a “hold” rating to a “buy” rating in a report on Saturday.

Optical Cable Company Profile

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.