Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 3,086,804 shares, a growth of 88.0% from the May 31st total of 1,641,486 shares. Based on an average daily volume of 67,443,061 shares, the days-to-cover ratio is currently 0.0 days. Approximately 8.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Laser Photonics in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Laser Photonics has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Anson Funds Management LP purchased a new stake in shares of Laser Photonics during the third quarter valued at $1,776,000. XTX Topco Ltd bought a new position in Laser Photonics during the 4th quarter valued at about $134,000. Jones Financial Companies Lllp boosted its holdings in shares of Laser Photonics by 7,350.8% during the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock valued at $457,000 after acquiring an additional 147,017 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Laser Photonics by 7.7% during the 3rd quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock valued at $1,437,000 after acquiring an additional 23,792 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Laser Photonics by 94.8% in the fourth quarter. Geode Capital Management LLC now owns 143,985 shares of the company’s stock worth $356,000 after acquiring an additional 70,065 shares during the period. 1.90% of the stock is currently owned by institutional investors.

Laser Photonics Trading Down 5.6%

Shares of LASE stock traded down $0.09 during mid-day trading on Thursday, reaching $1.43. The stock had a trading volume of 1,341,694 shares, compared to its average volume of 8,123,732. The firm has a market capitalization of $54.61 million, a PE ratio of -0.78 and a beta of 2.59. The stock’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.50. Laser Photonics has a 52-week low of $0.38 and a 52-week high of $6.77.

Laser Photonics (NASDAQ:LASE) last posted its earnings results on Thursday, June 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.92 million during the quarter.

Laser Photonics Company Profile

Laser Photonics Corporation (NASDAQ: LASE) is a technology company that designs, manufactures and markets high?power fiber?optic laser solutions and high?speed optical communication modules. Headquartered in Orlando, Florida, it serves a variety of industrial and telecommunications markets worldwide. The company’s operations are organized into two principal segments: Laser Products and Optical Communications.

In its Laser Products segment, Laser Photonics develops and produces a range of fiber?optic lasers tailored for material processing applications.