Optical Cable Co. (NASDAQ:OCC) Short Interest Update

Optical Cable Co. (NASDAQ:OCCGet Rating) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 3,900 shares, a drop of 18.8% from the May 31st total of 4,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,400 shares, the short-interest ratio is presently 0.5 days.

NASDAQ OCC traded down $0.21 during trading hours on Tuesday, reaching $3.40. The company’s stock had a trading volume of 329 shares, compared to its average volume of 7,135. The company has a current ratio of 3.80, a quick ratio of 1.59 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $4.30. Optical Cable has a 52 week low of $3.26 and a 52 week high of $6.84. The stock has a market cap of $26.83 million, a PE ratio of 6.07 and a beta of 0.62.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in Optical Cable by 11.7% in the third quarter. Renaissance Technologies LLC now owns 147,903 shares of the communications equipment provider’s stock worth $553,000 after acquiring an additional 15,500 shares during the last quarter. Royal Bank of Canada lifted its holdings in Optical Cable by 15.4% in the first quarter. Royal Bank of Canada now owns 114,933 shares of the communications equipment provider’s stock worth $487,000 after acquiring an additional 15,300 shares during the last quarter. Finally, Harrison & Co Wealth Management LLC bought a new position in Optical Cable in the fourth quarter worth about $97,000. 13.33% of the stock is currently owned by hedge funds and other institutional investors.

Optical Cable Company Profile (Get Rating)

Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.

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