POET Technologies Inc. (NASDAQ:POET – Get Rating) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 10,000 shares, an increase of 400.0% from the October 15th total of 2,000 shares. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Paragon Capital Management Ltd boosted its holdings in POET Technologies by 3.1% in the third quarter. Paragon Capital Management Ltd now owns 368,300 shares of the company's stock valued at $943,000 after acquiring an additional 11,100 shares during the last quarter. Virtu Financial LLC bought a new stake in POET Technologies in the first quarter valued at approximately $96,000. JPMorgan Chase & Co. boosted its holdings in POET Technologies by 88.6% in the second quarter. JPMorgan Chase & Co. now owns 30,660 shares of the company's stock valued at $300,000 after acquiring an additional 14,400 shares during the last quarter. Royal Bank of Canada bought a new stake in POET Technologies in the first quarter valued at approximately $162,000. Finally, Scotia Capital Inc. bought a new stake in POET Technologies in the first quarter valued at approximately $278,000. Institutional investors and hedge funds own 2.48% of the company's stock.
Get POET Technologies alerts:Analyst Ratings Changes
Separately, HC Wainwright lowered their price objective on POET Technologies from $10.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, August 11th.
POET Technologies Price Performance
Shares of POET Technologies stock remained flat at $2.62 on Friday. The stock had a trading volume of 17,161 shares, compared to its average volume of 24,604. The company has a fifty day moving average of $2.99 and a 200 day moving average of $4.34. POET Technologies has a one year low of $2.34 and a one year high of $11.00.About POET Technologies
(Get Rating)
POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, and Singapore. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods.
Read More
- Get a free copy of the StockNews.com research report on POET Technologies (POET)
- MarketBeat: Week in Review 11/7 – 11/11
- Oil Is a Compelling Reason The Sell-Off In Stocks Isn't Over
- Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?
- Six Flags is a Ride You Don't Want to Get Stuck On
- Hanesbrands May be Signaling a Bad Week for Retail Stocks
Receive News & Ratings for POET Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POET Technologies and related companies with MarketBeat.com's FREE daily email newsletter.