Shares are trading at $2.50 barely above $2.36, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $2.55. The 50 day moving average went up by +5.78% and the 200 day average moved down $-0.05. (NASDAQ:OCC) shares saw light trading volume with 296 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 98.11% under the normal average daily volume.
Traders are feeling more bullish on shares of Optical Cable Corporation recently if you put credence in the motion in short interest. The company saw a fall in short interest of -84.13% as of the latest report on September 29, 2017. Short shares decreased from 9,918 to 1,574 over that period. With short interest at 1,574 and short average daily volume at 8,041, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of September 29.
The following firms have recently changed their position in OCC. As of the end of the quarter Grt Capital Partners L.l.c. had disposed of 12,103 shares trimming its stake by 23.7%. The value of the investment in Optical Cable Corporation decreased from $158,000 to $94,000 decreasing 40.5% quarter to quarter. As of quarter end Renaissance Technologies LLC had bought a total of 1,100 shares growing its position 1.1%. The value in dollars went from $299,000 to $234,000 a change of $65,000 since the last quarter.
As of quarter end Blackrock Inc. had disposed of 326 shares trimming its holdings by 15.7%. The value of the company’s investment in Optical Cable Corporation went from $6,000 to $4,000 a change of 33.3% quarter over quarter. As of quarter end Citadel Advisors LLC had disposed of a total of 5,468 shares trimming its position 31.5%. The value of the investment in OCC decreased from $53,000 to $29,000 decreasing 45.3% for the reporting period.
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..