CyberOptics Co. (NASDAQ:CYBE) Sees Large Increase in Short Interest

Posted by MarketBeat News on Aug 5th, 2022

CyberOptics Co. (NASDAQ:CYBE – Get Rating) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 205,900 shares, a growth of 17.8% from the June 30th total of 174,800 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily volume of 86,600 shares, the days-to-cover ratio is presently 2.4 days.

CyberOptics Price Performance

CyberOptics stock opened at $40.50 on Friday. The company has a market capitalization of $299.82 million, a PE ratio of 19.01 and a beta of 1.61. CyberOptics has a one year low of $30.98 and a one year high of $49.95. The business has a 50 day simple moving average of $37.95 and a 200 day simple moving average of $38.85.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CYBE shares. Craig Hallum decreased their price objective on CyberOptics from $62.00 to $58.00 in a report on Friday, April 29th. StockNews.com downgraded CyberOptics from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd.

Hedge Funds Weigh In On CyberOptics

Several hedge funds and other institutional investors have recently modified their holdings of CYBE. AIGH Capital Management LLC lifted its position in shares of CyberOptics by 328.1% during the 4th quarter. AIGH Capital Management LLC now owns 499,017 shares of the scientific and technical instruments company’s stock worth $23,204,000 after buying an additional 382,451 shares during the period. Assenagon Asset Management S.A. bought a new position in CyberOptics in the 4th quarter valued at $3,845,000. Hillsdale Investment Management Inc. raised its position in CyberOptics by 103.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 97,871 shares of the scientific and technical instruments company’s stock valued at $3,972,000 after purchasing an additional 49,700 shares during the last quarter. Portolan Capital Management LLC raised its position in CyberOptics by 38.1% in the 1st quarter. Portolan Capital Management LLC now owns 153,844 shares of the scientific and technical instruments company’s stock valued at $6,243,000 after purchasing an additional 42,407 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in CyberOptics by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 357,864 shares of the scientific and technical instruments company’s stock valued at $14,522,000 after purchasing an additional 37,557 shares during the last quarter. Institutional investors own 70.59% of the company’s stock.

About CyberOptics

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CyberOptics Corporation designs, develops, manufactures, and markets high precision sensing technology solutions and system products for inspection and metrology worldwide. It offers products based on multi-reflection suppression (MRS) technology, including multi-function systems for inspection and metrology; MX3000 memory module inspection system; 3D NanoResolution MRS sensor and WX3000 inspection and metrology system for semiconductor wafer and advanced packaging inspection and metrology; high precision 3D and 2D sensors; 3D MRS sensors; SMT electronic assembly alignment sensors; and inspection and metrology systems.