Optex Systems Holdings, Inc (NASDAQ:OPXS) Sees Significant Decrease in Short Interest

Optex Systems Holdings, Inc (NASDAQ:OPXS) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,600 shares, a drop of 20.0% from the February 13th total of 4,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In other Optex Systems news, Director Dale E. Lehmann sold 30,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $5.65, for a total value of $169,500.00. Following the transaction, the director now directly owns 144,258 shares in the company, valued at approximately $815,057.70. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Topline Capital Management, Ll sold 12,488 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $7.01, for a total transaction of $87,540.88. Following the completion of the transaction, the insider now owns 793,575 shares in the company, valued at $5,562,960.75. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,162 shares of company stock worth $356,041. 30.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in shares of Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock valued at $162,000 after purchasing an additional 4,431 shares during the period. Topline Capital Management LLC bought a new stake in shares of Optex Systems during the 4th quarter valued at $5,350,000. LPL Financial LLC raised its position in shares of Optex Systems by 22.5% during the 4th quarter. LPL Financial LLC now owns 21,775 shares of the company’s stock valued at $149,000 after purchasing an additional 4,000 shares during the period. IFP Advisors Inc bought a new stake in shares of Optex Systems during the 4th quarter valued at $71,000. Finally, Evernest Financial Advisors LLC bought a new stake in shares of Optex Systems during the 4th quarter valued at $180,000. 19.07% of the stock is currently owned by institutional investors.

Optex Systems Trading Up 1.5 %

OPXS opened at $5.58 on Monday. Optex Systems has a 1-year low of $5.39 and a 1-year high of $10.30. The company has a market capitalization of $38.49 million, a PE ratio of 9.15 and a beta of 0.26. The firm’s 50 day simple moving average is $6.22 and its two-hundred day simple moving average is $7.50.

Optex Systems (NASDAQ:OPXS) last released its quarterly earnings results on Monday, February 10th. The company reported $0.12 earnings per share for the quarter. Optex Systems had a net margin of 11.87% and a return on equity of 22.99%.

Optex Systems Company Profile

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.