Traders are a little more bearish on shares of the company of late as indicated by the change in short interest. The company saw a rise in short interest between August 15, 2017 and August 31, 2017 of 64.51%. Short shares increased 947 over that period. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.00% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (OCC). As of the end of the quarter Citadel Advisors LLC had sold a total of 5,468 shares trimming its stake by 31.5%. The value of the investment in (OCC) decreased from $53,000 to $29,000 a change of 45.3% quarter to quarter. Blackrock Inc. cut its position by shedding 326 shares a decrease of 15.7% in the quarter. Blackrock Inc. now controls 1,750 shares valued at $4,000. The value of the position overall is down by 33.3%.
Renaissance Technologies LLC grew its stake by buying 1,100 shares an increase of 1.1% as of 06/30/2017. Renaissance Technologies LLC claims 97,700 shares with a value of $234,000. The total value of its holdings decreased 21.7%. Grt Capital Partners L.l.c. downsized its investment by shedding 12,103 shares a decrease of 23.7%. Grt Capital Partners L.l.c. controls 39,002 shares worth $94,000. The total value of its holdings decreased 40.5%.
In the market the company is trading unchanged since yesterday’s close of 2.15. It is trading at $2.15 which is quite a bit lower than the 50 day moving average which is $2.40 and quite a bit lower than the 200 day moving average of $2.69. The 50 day moving average was down $-0.25 and the 200 day average was down $-0.54.
The most current P/E ratio is 153.57 and market cap is 15.83M.
Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions 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. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories. In addition, the company provides copper connectivity products comprising category compliant patch panels, jacks, plugs, patch cords, faceplates, surface mounted boxes, distribution and multi-media boxes, copper rack mount and wall mount enclosures, cable assemblies, cable organizers, and other wiring products for datacenter, telecommunications closet, equipment room, and workstation applications. Further, it offers network, data storage, and telecommunications management systems, such as data cabinets, wall-mount enclosures, cable management systems, and open frame relay racks for commercial and residential use; and datacom wiring products, such as various enclosures, modules, and modular outlets for single dwelling and multiple dwelling residential uses. Additionally, the company provides applied interconnect systems, which include specialty fiber optic connectors and connectivity components, ruggedized copper datacom connectors, and related systems and solutions for military and harsh environment applications. It sells its products to distributors, original equipment manufacturers, value-added resellers, and end-users. Optical Cable Corporation was founded in 1983 and is headquartered in Roanoke, Virginia..