LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update – Defense World
Posted by admin on Jul 4th, 2022 
LightPath Technologies, Inc. (NASDAQ:LPTH – Get Rating) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 195,600 shares, a decrease of 20.1% from the May 31st total of 244,800 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 122,600 shares, the short-interest ratio is presently 1.6 days.
NASDAQ LPTH opened at $1.26 on Monday. LightPath Technologies has a one year low of $1.07 and a one year high of $2.87. The company has a 50-day simple moving average of $1.49 and a 200-day simple moving average of $1.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 2.51. The firm has a market capitalization of $34.08 million, a PE ratio of -6.63 and a beta of 1.42.
LightPath Technologies (NASDAQ:LPTH – Get Rating) last posted its earnings results on Thursday, May 12th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. LightPath Technologies had a negative net margin of 14.56% and a negative return on equity of 15.63%. The firm had revenue of $8.31 million during the quarter, compared to analyst estimates of $9.83 million. During the same period in the previous year, the business posted ($0.01) EPS. Equities analysts forecast that LightPath Technologies will post -0.1 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its stake in LightPath Technologies by 4.1% in the 4th quarter. Royce & Associates LP now owns 1,218,084 shares of the technology company’s stock valued at $2,972,000 after buying an additional 48,100 shares during the period. AIGH Capital Management LLC acquired a new position in LightPath Technologies in the 4th quarter valued at $3,344,000. Game Plan Financial Advisors LLC boosted its holdings in LightPath Technologies by 28.7% in the 1st quarter. Game Plan Financial Advisors LLC now owns 112,000 shares of the technology company’s stock valued at $221,000 after purchasing an additional 25,000 shares during the period. State Street Corp lifted its holdings in shares of LightPath Technologies by 18.5% during the 1st quarter. State Street Corp now owns 50,834 shares of the technology company’s stock worth $100,000 after acquiring an additional 7,925 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of LightPath Technologies during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 42.71% of the company’s stock.
A number of research analysts have issued reports on LPTH shares. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 target price on shares of LightPath Technologies in a report on Tuesday, May 17th. StockNews.com initiated coverage on shares of LightPath Technologies in a report on Monday, June 27th. They issued a “hold” rating on the stock.
LightPath Technologies Company Profile (Get Rating)
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. Its products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other industries.
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