Short Interest in Optex Systems Holdings, Inc (NASDAQ:OPXS) Declines By 59.5%

Optex Systems Holdings, Inc (NASDAQ:OPXSGet Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,700 shares, a decline of 59.5% from the April 15th total of 4,200 shares. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Optex Systems

An institutional investor recently bought a new position in Optex Systems stock. Kestra Private Wealth Services LLC purchased a new stake in Optex Systems Holdings, Inc (NASDAQ:OPXSFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,386 shares of the company’s stock, valued at approximately $60,000. Kestra Private Wealth Services LLC owned 0.21% of Optex Systems at the end of the most recent reporting period. 19.07% of the stock is owned by hedge funds and other institutional investors.

Optex Systems Stock Performance

OPXS traded down $0.18 on Friday, hitting $7.78. 31,002 shares of the company were exchanged, compared to its average volume of 16,059. The stock’s fifty day moving average is $7.27 and its 200-day moving average is $5.92. The company has a market cap of $53.03 million, a PE ratio of 18.08 and a beta of 0.25. Optex Systems has a 12 month low of $2.97 and a 12 month high of $8.24.

Optex Systems (NASDAQ:OPXSGet Free Report) last issued its earnings results on Monday, February 12th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $6.97 million for the quarter. Optex Systems had a net margin of 10.21% and a return on equity of 20.76%.

Optex Systems Company Profile

(Get Free Report)

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.

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