Precision Optics Co., Inc. (NASDAQ:POCI) Short Interest Up 25.7% in September

Precision Optics Co., Inc. (NASDAQ:POCI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,400 shares, an increase of 25.7% from the August 31st total of 3,500 shares. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Precision Optics

An institutional investor recently bought a new position in Precision Optics stock. Mesirow Financial Investment Management Inc. purchased a new position in shares of Precision Optics Co., Inc. (NASDAQ:POCI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,894 shares of the company’s stock, valued at approximately $149,000. Mesirow Financial Investment Management Inc. owned about 0.44% of Precision Optics at the end of the most recent reporting period. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Price Performance

Shares of Precision Optics stock traded down $0.40 during mid-day trading on Friday, reaching $5.74. 17,563 shares of the stock were exchanged, compared to its average volume of 7,588. Precision Optics has a fifty-two week low of $4.92 and a fifty-two week high of $6.90. The company has a market cap of $34.86 million, a price-to-earnings ratio of -20.50 and a beta of 0.16. The firm has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $5.83. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

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.