Precision Optics Corp. (NASDAQ:POCI) Sees Significant Decrease in Short Interest

Precision Optics Corp. (NASDAQ:POCI) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 3,267 shares, a decline of 51.4% from the February 26th total of 6,719 shares. Based on an average trading volume of 9,961 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Precision Optics

A number of institutional investors have recently modified their holdings of POCI. Needham Investment Management LLC boosted its stake in shares of Precision Optics by 2.9% during the 4th quarter. Needham Investment Management LLC now owns 720,000 shares of the company’s stock worth $3,013,000 after buying an additional 20,000 shares during the last quarter. WealthTrust Axiom LLC boosted its position in Precision Optics by 2.7% during the fourth quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock valued at $970,000 after purchasing an additional 6,158 shares during the last quarter. Jane Street Group LLC acquired a new position in Precision Optics during the fourth quarter valued at approximately $48,000. DRW Securities LLC bought a new position in Precision Optics in the fourth quarter valued at approximately $94,000. Finally, Geode Capital Management LLC grew its stake in Precision Optics by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock valued at $245,000 after purchasing an additional 1,926 shares in the last quarter. 13.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Precision Optics in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Precision Optics currently has a consensus rating of “Sell”.

Precision Optics Stock Down 0.5%

Shares of Precision Optics stock traded down $0.02 on Friday, hitting $4.19. The company had a trading volume of 151,313 shares, compared to its average volume of 13,473. The stock has a 50-day moving average of $4.67 and a 200-day moving average of $4.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 0.62. Precision Optics has a twelve month low of $3.55 and a twelve month high of $6.04. The firm has a market capitalization of $32.35 million, a P/E ratio of -4.55 and a beta of 0.36.

Precision Optics (NASDAQ:POCI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.23) EPS for the quarter. The company had revenue of $7.37 million for the quarter. Precision Optics had a negative return on equity of 60.56% and a negative net margin of 28.33%.

Precision Optics Company Profile

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.