Short Interest in POET Technologies Inc. (NASDAQ:POET) Decreases By 12.6%

POET Technologies Inc. (NASDAQ:POET) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 434,100 shares, a decline of 12.6% from the May 31st total of 496,500 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 805,400 shares, the short-interest ratio is presently 0.5 days.

POET Technologies Price Performance

POET opened at $2.07 on Friday. The firm has a fifty day moving average price of $2.00 and a 200 day moving average price of $1.46. POET Technologies has a 1 year low of $0.72 and a 1 year high of $4.86. The stock has a market cap of $126.46 million, a P/E ratio of -4.22 and a beta of 0.31.

POET Technologies (NASDAQ:POET) last posted its earnings results on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter. Equities analysts expect that POET Technologies will post -0.39 EPS for the current year.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.