Lightwave Logic Inc. (NASDAQ:LWLG) Short Interest Up 20.1% in February

Lightwave Logic Inc. (NASDAQ:LWLG) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 12,736,724 shares, an increase of 20.1% from the January 29th total of 10,608,831 shares. Based on an average daily trading volume, of 1,698,336 shares, the days-to-cover ratio is presently 7.5 days. Currently, 9.9% of the company’s stock are sold short. Currently, 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,698,336 shares, the days-to-cover ratio is presently 7.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Transactions at Lightwave Logic

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $3.48, for a total value of $89,056.68. Following the completion of the transaction, the director owned 123,944 shares in the company, valued at $431,325.12. This represents a 17.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laila Partridge sold 10,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $3.72, for a total transaction of $37,200.00. Following the sale, the director owned 63,963 shares in the company, valued at $237,942.36. This represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

Several large investors have recently modified their holdings of LWLG. XTX Topco Ltd acquired a new position in Lightwave Logic in the fourth quarter worth about $653,000. Twinbeech Capital LP bought a new position in Lightwave Logic during the 4th quarter worth approximately $75,000. Engineers Gate Manager LP acquired a new position in shares of Lightwave Logic in the 4th quarter worth approximately $93,000. Balyasny Asset Management L.P. increased its holdings in shares of Lightwave Logic by 254.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 69,352 shares of the company’s stock valued at $225,000 after acquiring an additional 49,791 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Lightwave Logic by 102.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 34,391 shares of the company’s stock valued at $111,000 after acquiring an additional 17,391 shares in the last quarter. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Stock Performance

Shares of LWLG stock traded down $1.38 during mid-day trading on Thursday, reaching $4.22. 4,813,114 shares of the company were exchanged, compared to its average volume of 2,077,386. The business’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $4.00. The company has a market capitalization of $564.47 million, a P/E ratio of -23.44 and a beta of 3.02. Lightwave Logic has a fifty-two week low of $0.79 and a fifty-two week high of $6.26.

About Lightwave Logic

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro?optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.