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

Laser Photonics Co. (NASDAQ:LASE) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 703,601 shares, a decline of 39.8% from the December 31st total of 1,168,181 shares. Based on an average trading volume of 631,827 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.1% of the shares of the company are short sold. Approximately 3.1% of the shares of the company are short sold. Based on an average trading volume of 631,827 shares, the days-to-cover ratio is presently 1.1 days.

Laser Photonics Stock Performance

Shares of LASE traded down $0.07 during mid-day trading on Friday, hitting $1.94. 595,001 shares of the company were exchanged, compared to its average volume of 674,445. The stock has a market cap of $43.34 million, a price-to-earnings ratio of -1.54 and a beta of 3.37. Laser Photonics has a 1-year low of $1.71 and a 1-year high of $6.77. The company has a 50 day moving average of $2.53 and a 200-day moving average of $3.14.

Institutional Investors Weigh In On Laser Photonics

Several institutional investors and hedge funds have recently added to or reduced their stakes in LASE. CIBC Private Wealth Group LLC boosted its position in Laser Photonics by 500.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,000 shares of the company’s stock valued at $26,000 after buying an additional 5,000 shares during the period. Stephens Inc. AR purchased a new position in Laser Photonics in the third quarter valued at $81,000. Essex Investment Management Co. LLC acquired a new position in Laser Photonics during the 3rd quarter worth $118,000. Jones Financial Companies Lllp increased its holdings in Laser Photonics by 7,350.9% during the 1st quarter. Jones Financial Companies Lllp now owns 149,017 shares of the company’s stock worth $457,000 after purchasing an additional 147,017 shares during the period. Finally, Vanguard Group Inc. raised its position in Laser Photonics by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 333,347 shares of the company’s stock valued at $1,437,000 after purchasing an additional 23,792 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

LASE has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Laser Photonics from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Laser Photonics in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Laser Photonics presently has a consensus rating of “Sell”.

About Laser Photonics

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.