Optical Cable Co. (NASDAQ:OCC) Short Interest Update

by · The Cerbat Gem

Optical Cable Co. (NASDAQ:OCC – Get Free Report) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 200,500 shares, a decrease of 29.4% from the December 31st total of 284,000 shares. Based on an average daily trading volume, of 633,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.7% of the company’s stock are sold short.

Optical Cable Trading Up 0.7 %

Shares of NASDAQ:OCC opened at $5.47 on Friday. The business has a fifty day moving average price of $3.52 and a two-hundred day moving average price of $2.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 4.49. Optical Cable has a 1 year low of $2.02 and a 1 year high of $7.00.

Optical Cable (NASDAQ:OCC – Get Free Report) last released its quarterly earnings results on Monday, December 23rd. The communications equipment provider reported $0.05 EPS for the quarter. Optical Cable had a negative net margin of 6.31% and a negative return on equity of 19.50%.

About Optical Cable

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Optical Cable Corporation, together with its subsidiaries, engages in the manufacture and sale of 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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