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

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

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

OCC remained flat at $$3.90 on Friday. 5,034 shares of the company traded hands, compared to its average volume of 9,757. Optical Cable has a 52-week low of $3.20 and a 52-week high of $6.40. The company has a fifty day simple moving average of $4.00. The company has a current ratio of 3.21, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49.

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

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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