Posted by admin on Apr 28th, 2022
Optical Cable Co. (NASDAQ:OCC – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 12,800 shares, a growth of 276.5% from the March 31st total of 3,400 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.
A hedge fund recently bought a new stake in Optical Cable stock. Harrison & Co Wealth Management LLC bought a new position in Optical Cable Co. (NASDAQ:OCC – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 18,000 shares of the communications equipment provider’s stock, valued at approximately $97,000. Harrison & Co Wealth Management LLC owned 0.23% of Optical Cable as of its most recent filing with the SEC. Institutional investors own 11.70% of the company’s stock.
NASDAQ:OCC opened at $3.90 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.26 and a quick ratio of 1.64. Optical Cable has a 1 year low of $3.15 and a 1 year high of $6.84. The stock’s 50 day simple moving average is $4.38 and its two-hundred day simple moving average is $4.50. The company has a market cap of $30.62 million, a price-to-earnings ratio of 3.75 and a beta of 0.59.
Optical Cable (NASDAQ:OCC – Get Rating) last released its quarterly earnings data on Thursday, March 17th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. Optical Cable had a return on equity of 38.01% and a net margin of 12.66%. The firm had revenue of $14.44 million during the quarter.
About Optical Cable (Get Rating)
Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.
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