Laser Photonics Co. (NASDAQ:LASE) Short Interest Down 21.0% in December

Laser Photonics Co. (NASDAQ:LASE) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 204,200 shares, a decrease of 21.0% from the December 15th total of 258,600 shares. Based on an average daily volume of 2,130,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Laser Photonics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Laser Photonics in the second quarter worth approximately $32,000. Geode Capital Management LLC raised its holdings in Laser Photonics by 53.4% in the third quarter. Geode Capital Management LLC now owns 60,656 shares of the company’s stock valued at $989,000 after buying an additional 21,106 shares during the period. Jane Street Group LLC acquired a new position in Laser Photonics during the third quarter valued at approximately $577,000. Finally, Anson Funds Management LP purchased a new stake in Laser Photonics during the third quarter worth approximately $4,077,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Laser Photonics Trading Up 6.7 %

Shares of NASDAQ:LASE traded up $0.35 on Thursday, hitting $5.55. The company had a trading volume of 237,848 shares, compared to its average volume of 286,655. The company has a market cap of $76.77 million, a PE ratio of -12.61 and a beta of 3.53. The business has a 50 day moving average of $5.55 and a 200 day moving average of $5.34. Laser Photonics has a 52-week low of $0.98 and a 52-week high of $19.80.

Laser Photonics Company Profile

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-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.