LightPath Technologies, Inc. (LPTH) Sees Significant Growth in Short Interest
LightPath Technologies, Inc. (NASDAQ:LPTH) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,432,724 shares, an increase of 33.1% from the January 12th total of 1,076,749 shares. Approximately 6.7% of the shares of the company are sold short. Based on an average daily volume of 279,670 shares, the days-to-cover ratio is presently 5.1 days.
Shares of LightPath Technologies (NASDAQ:LPTH) opened at $2.18 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.29 and a current ratio of 3.18. The firm has a market capitalization of $54.10, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.33 and a beta of -0.53. LightPath Technologies has a one year low of $1.66 and a one year high of $4.10.
A number of institutional investors have recently bought and sold shares of LPTH. Vanguard Group Inc. grew its stake in LightPath Technologies by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 114,279 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in LightPath Technologies by 1,332.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after purchasing an additional 289,330 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in LightPath Technologies by 152.6% during the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after purchasing an additional 86,541 shares during the last quarter. Foundry Partners LLC grew its stake in LightPath Technologies by 8.5% during the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in LightPath Technologies by 414.2% during the 4th quarter. Virtu Financial LLC now owns 82,052 shares of the technology company’s stock valued at $182,000 after purchasing an additional 66,094 shares during the last quarter. Institutional investors and hedge funds own 29.96% of the company’s stock.
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About LightPath Technologies
LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.
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