Short Interest in Laser Photonics Co. (NASDAQ:LASE) Increases By 11.4%

Laser Photonics Co. (NASDAQ:LASE) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 695,900 shares, a growth of 11.4% from the September 30th total of 624,900 shares. Based on an average trading volume of 3,140,000 shares, the short-interest ratio is presently 0.2 days. Approximately 14.1% of the company’s stock are sold short.

Laser Photonics Stock Up 2.5 %

Shares of NASDAQ:LASE traded up $0.13 during trading on Thursday, hitting $5.35. The stock had a trading volume of 684,708 shares, compared to its average volume of 1,738,152. Laser Photonics has a 12 month low of $0.67 and a 12 month high of $19.80. The company has a market capitalization of $81.69 million, a PE ratio of -11.86 and a beta of 3.19. The firm’s fifty day moving average is $7.44 and its 200 day moving average is $4.01.

Laser Photonics (NASDAQ:LASE) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $0.62 million during the quarter.

Institutional Trading of Laser Photonics

A hedge fund recently bought a new stake in Laser Photonics stock. XTX Topco Ltd bought a new stake in shares of Laser Photonics Co. (NASDAQ:LASE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,898 shares of the company’s stock, valued at approximately $32,000. XTX Topco Ltd owned about 0.14% of Laser Photonics at the end of the most recent quarter. Institutional investors own 1.90% of the company’s stock.

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-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.