Laser Photonics Co. (NASDAQ:LASE) Short Interest Update

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

Hedge Funds Weigh In On Laser Photonics

Several large investors have recently bought and sold shares of LASE. XTX Topco Ltd acquired a new stake in shares of Laser Photonics in the second quarter valued at about $32,000. Spire Wealth Management acquired a new stake in shares of Laser Photonics in the fourth quarter valued at about $81,000. Jane Street Group LLC acquired a new stake in shares of Laser Photonics in the third quarter valued at about $577,000. Geode Capital Management LLC increased its stake in shares of 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. Finally, Anson Funds Management LP acquired a new stake in shares of Laser Photonics in the third quarter valued at about $4,077,000. 1.90% of the stock is currently owned by institutional investors.

Laser Photonics Stock Down 2.5 %

Laser Photonics stock traded down $0.12 during trading hours on Friday, hitting $4.74. The stock had a trading volume of 237,636 shares, compared to its average volume of 260,301. The stock has a market cap of $65.56 million, a price-to-earnings ratio of -10.77 and a beta of 3.53. Laser Photonics has a one year low of $0.98 and a one year high of $19.80. The business’s 50 day simple moving average is $5.51 and its 200-day simple moving average is $5.57.

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.