LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,107,214 shares, an increase of 43.5% from the December 15th total of 1,468,042 shares. Based on an average trading volume of 1,946,188 shares, the days-to-cover ratio is presently 1.1 days. Currently, 6.2% of the shares of the stock are sold short. Currently, 6.2% of the shares of the stock are sold short. Based on an average trading volume of 1,946,188 shares, the days-to-cover ratio is presently 1.1 days.

LightPath Technologies Trading Down 4.6%

Shares of LPTH stock traded down $0.60 during mid-day trading on Friday, reaching $12.57. The company’s stock had a trading volume of 3,608,565 shares, compared to its average volume of 2,488,275. The company has a quick ratio of 1.26, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $572.31 million, a PE ratio of -32.23 and a beta of 0.98. The company’s 50 day simple moving average is $8.93 and its 200-day simple moving average is $6.81. LightPath Technologies has a 12-month low of $1.61 and a 12-month high of $15.04.

Insider Activity

In related news, Director Run Strategic Opportunit North sold 770,321 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the sale, the director owned 2,728,968 shares of the company’s stock, valued at $31,983,504.96. This trade represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 24.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in LightPath Technologies by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company’s stock worth $15,603,000 after acquiring an additional 72,208 shares during the period. Portolan Capital Management LLC purchased a new position in shares of LightPath Technologies in the third quarter valued at $12,939,000. Tudor Investment Corp ET AL purchased a new stake in LightPath Technologies during the 3rd quarter worth $8,445,000. Russell Investments Group Ltd. purchased a new stake in LightPath Technologies during the 3rd quarter worth $3,669,000. Finally, HUB Investment Partners LLC lifted its holdings in LightPath Technologies by 141.0% in the 3rd quarter. HUB Investment Partners LLC now owns 200,000 shares of the technology company’s stock worth $1,586,000 after buying an additional 117,000 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPTH has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. HC Wainwright increased their target price on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Lake Street Capital lifted their price target on LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.