LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 105,300 shares, a decrease of 17.5% from the September 30th total of 127,600 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

A number of analysts have commented on LPTH shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, September 20th. StockNews.com began coverage on shares of LightPath Technologies in a research note on Tuesday, October 22nd. They set a “hold” rating for the company.

LightPath Technologies Stock Up 0.6 %

Shares of NASDAQ LPTH traded up $0.01 during midday trading on Monday, hitting $1.67. 30,675 shares of the company’s stock were exchanged, compared to its average volume of 55,099. The firm’s fifty day simple moving average is $1.38 and its 200-day simple moving average is $1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.12. The company has a market cap of $64.81 million, a PE ratio of -9.03 and a beta of 1.31. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. The company had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. During the same period last year, the business earned ($0.02) earnings per share. Research analysts predict that LightPath Technologies will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares during the last quarter. AIGH Capital Management LLC grew its stake in shares of LightPath Technologies by 5.7% in the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of LightPath Technologies by 104.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after purchasing an additional 67,429 shares during the period. Archon Capital Management LLC raised its stake in shares of LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 37,400 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in shares of LightPath Technologies by 22.8% during the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after purchasing an additional 10,500 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.