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

Optical Cable Co. (NASDAQ:OCC) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 18,800 shares, a drop of 19.0% from the May 30th total of 23,200 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is currently 1.7 days. Approximately 0.4% of the company’s stock are sold short.

OCC stock traded up $0.32 during midday trading on Thursday, hitting $4.03. The company’s stock had a trading volume of 15,522 shares, compared to its average volume of 29,968. The company has a current ratio of 3.21, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. Optical Cable has a twelve month low of $3.20 and a twelve month high of $6.40. The business has a fifty day moving average price of $4.01.

Separately, TheStreet lowered shares of Weis Markets from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th.

A hedge fund recently raised its stake in Optical Cable stock. Dimensional Fund Advisors LP raised its holdings in Optical Cable Co. (NASDAQ:OCC) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 447,679 shares of the communications equipment provider’s stock after buying an additional 8,085 shares during the period. Dimensional Fund Advisors LP owned 5.82% of Optical Cable worth $1,706,000 at the end of the most recent reporting period. 15.67% of the stock is currently owned by hedge funds and other institutional investors.

About Optical Cable

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 cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair.

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