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
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.
- Get a free copy of the StockNews.com research report on CyberOptics (CYBE)
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