Laser Photonics Co. (NASDAQ:LASE) Sees Significant Growth in Short Interest

Laser Photonics Co. (NASDAQ:LASE) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 105,600 shares, a growth of 130.6% from the February 29th total of 45,800 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 439,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Laser Photonics

Hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Laser Photonics in the 4th quarter worth about $25,000. UBS Group AG bought a new position in shares of Laser Photonics in the 3rd quarter valued at approximately $30,000. Jane Street Group LLC bought a new stake in Laser Photonics during the third quarter worth approximately $38,000. Virtu Financial LLC bought a new position in shares of Laser Photonics in the fourth quarter valued at approximately $39,000. Finally, Northern Trust Corp acquired a new stake in shares of Laser Photonics in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 3.01% of the company’s stock.

Laser Photonics Stock Performance

LASE stock remained flat at $1.68 during mid-day trading on Thursday. 107,578 shares of the company’s stock were exchanged, compared to its average volume of 460,769. The stock has a 50-day moving average of $1.32 and a two-hundred day moving average of $1.20. The stock has a market capitalization of $13.24 million, a P/E ratio of -2.47 and a beta of 3.95. Laser Photonics has a 52 week low of $0.67 and a 52 week high of $7.05.

About Laser Photonics

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-100CTH, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200CTH, a manual handheld laser surface cleaning model; CleanTech Handheld LPC-300CTH, a water-cooled laser system; CleanTech Handheld LPC-1000CTH, a laser cleaning tool; CleanTech Handheld 2000-CTH Jobsite for industrial cleaning, rust and paint removal, and surface preparation; CleanTech Handheld NCX, a portable laser surface cleaning and conditioning system; CleanTech Robot, a robotic laser cleaning system, CleanTech Laser Blaster Cabinet, a laser cleaning machine; and CleanTech EZ- Rider, a laser cleaning tool.