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

Optex Systems Holdings, Inc (NASDAQ:OPXS) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 38.9% from the February 28th total of 3,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 24,500 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling at Optex Systems

In related news, Director Dale E. Lehmann sold 30,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $5.65, for a total transaction of $169,500.00. Following the transaction, the director now directly owns 144,258 shares in the company, valued at approximately $815,057.70. The trade was a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 30.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Optex Systems

Institutional investors have recently modified their holdings of the company. Topline Capital Management LLC purchased a new position in Optex Systems during the 4th quarter valued at about $5,350,000. Evernest Financial Advisors LLC acquired a new stake in shares of Optex Systems during the fourth quarter worth about $180,000. Geode Capital Management LLC boosted its stake in shares of Optex Systems by 44.7% in the third quarter. Geode Capital Management LLC now owns 56,535 shares of the company’s stock valued at $431,000 after purchasing an additional 17,472 shares during the period. IFP Advisors Inc acquired a new position in shares of Optex Systems in the fourth quarter valued at approximately $71,000. Finally, Citadel Advisors LLC increased its stake in Optex Systems by 23.0% during the 4th quarter. Citadel Advisors LLC now owns 23,664 shares of the company’s stock worth $162,000 after buying an additional 4,431 shares during the period. 19.07% of the stock is owned by institutional investors and hedge funds.

Optex Systems Stock Performance

Shares of Optex Systems stock opened at $5.60 on Monday. The stock has a 50 day moving average of $6.08 and a 200 day moving average of $7.35. The firm has a market capitalization of $38.62 million, a price-to-earnings ratio of 9.18 and a beta of 0.26. Optex Systems has a fifty-two week low of $5.39 and a fifty-two week high of $10.30.

Optex Systems (NASDAQ:OPXS) last announced its 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%.

About Optex Systems

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.