Optical Cable Co. (NASDAQ:OCC) Sees Significant Growth in Short Interest

Optical Cable Co. (NASDAQ:OCC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 284,000 shares, a growth of 1,451.9% from the December 31st total of 18,300 shares. Based on an average trading volume of 620,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 5.3% of the company’s shares are short sold.

Optical Cable Stock Performance

Shares of Optical Cable stock remained flat at $5.17 during trading hours on Tuesday. 57,488 shares of the company’s stock were exchanged, compared to its average volume of 105,323. The stock has a market cap of $42.50 million, a P/E ratio of -9.57 and a beta of 0.31. The business has a 50 day simple moving average of $3.45 and a two-hundred day simple moving average of $2.92. Optical Cable has a 12-month low of $2.02 and a 12-month high of $7.00. The company has a quick ratio of 1.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.52.

Optical Cable (NASDAQ:OCC) last issued its quarterly earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 EPS for the quarter. Optical Cable had a negative return on equity of 19.50% and a negative net margin of 6.31%.

About Optical Cable

Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.