Short Interest in CyberOptics Co. (NASDAQ:CYBE) Declines By 10.6%

CyberOptics Co. (NASDAQ:CYBE) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 216,600 shares, a drop of 10.6% from the June 30th total of 242,200 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 47,800 shares, the days-to-cover ratio is presently 4.5 days.

CYBE has been the subject of several research reports. TheStreet cut shares of CyberOptics from a “b-” rating to a “c+” rating in a research report on Tuesday, May 28th. ValuEngine raised shares of CyberOptics from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of CyberOptics from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $18.00 target price (down previously from $25.00) on shares of CyberOptics in a research note on Wednesday, July 3rd.

Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its stake in CyberOptics by 4.2% during the 4th quarter. Northern Trust Corp now owns 31,768 shares of the scientific and technical instruments company’s stock worth $560,000 after acquiring an additional 1,278 shares during the last quarter. Geode Capital Management LLC boosted its stake in CyberOptics by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 49,288 shares of the scientific and technical instruments company’s stock worth $868,000 after acquiring an additional 1,996 shares during the last quarter. BlackRock Inc. boosted its stake in CyberOptics by 1.1% during the 2nd quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock worth $3,388,000 after acquiring an additional 2,295 shares during the last quarter. Penbrook Management LLC boosted its stake in CyberOptics by 3.7% during the 1st quarter. Penbrook Management LLC now owns 98,060 shares of the scientific and technical instruments company’s stock worth $1,677,000 after acquiring an additional 3,460 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in CyberOptics by 23.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 20,194 shares of the scientific and technical instruments company’s stock worth $345,000 after acquiring an additional 3,806 shares during the last quarter. 60.48% of the stock is currently owned by institutional investors.

Shares of NASDAQ CYBE traded up $0.10 during mid-day trading on Thursday, hitting $13.93. The company’s stock had a trading volume of 60,131 shares, compared to its average volume of 38,217. The stock has a market cap of $99.59 million, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 38.75 and a beta of 0.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.46 and a quick ratio of 2.96. CyberOptics has a one year low of $11.55 and a one year high of $22.61. The company’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $16.94.

CyberOptics (NASDAQ:CYBE) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $15.04 million for the quarter. CyberOptics had a net margin of 4.97% and a return on equity of 5.69%. On average, sell-side analysts predict that CyberOptics will post 0.03 EPS for the current year.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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