Optex Systems Holdings, Inc (NASDAQ:OPXS) Sees Large Growth in Short Interest

Optex Systems Holdings, Inc (NASDAQ:OPXS) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 38.9% from the February 28th total of 3,600 shares. Based on an average daily trading volume, of 24,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Optex Systems Stock Performance

Shares of Optex Systems stock opened at $5.77 on Wednesday. Optex Systems has a 52-week low of $5.39 and a 52-week high of $10.30. The stock has a market cap of $39.80 million, a PE ratio of 9.46 and a beta of 0.26. The firm has a 50-day moving average of $6.05 and a 200-day moving average of $7.32.

Optex Systems (NASDAQ:OPXS) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.12 earnings per share (EPS) for the quarter. Optex Systems had a net margin of 11.87% and a return on equity of 22.99%.

Insider Buying and Selling

In other Optex Systems news, Director Dale E. Lehmann sold 30,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $5.65, for a total value of $169,500.00. Following the transaction, the director now directly owns 144,258 shares of the company’s stock, valued at $815,057.70. This represents a 17.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 30.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Optex Systems

A number of large investors have recently added to or reduced their stakes in OPXS. IFP Advisors Inc acquired a new stake in Optex Systems during the fourth quarter worth about $71,000. LPL Financial LLC boosted its position in shares of Optex Systems by 22.5% during the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock worth $149,000 after acquiring an additional 4,000 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock worth $162,000 after acquiring an additional 4,431 shares in the last quarter. Evernest Financial Advisors LLC bought a new position in Optex Systems in the fourth quarter valued at approximately $180,000. Finally, Geode Capital Management LLC raised its position in Optex Systems by 44.7% during the third quarter. Geode Capital Management LLC now owns 56,535 shares of the company’s stock valued at $431,000 after purchasing an additional 17,472 shares in the last quarter. Institutional investors and hedge funds own 19.07% of the company’s stock.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.