Is Buying INRAD OPTICS INC (OTCMKTS:INRD), Having Higher Short Interest a Winning Strategy?

Inrad Optics, Inc. (OTCMKTS:INRD) Logo

The stock of INRAD OPTICS INC (OTCMKTS:INRD) registered an increase of 275% in short interest. INRD’s total short interest was 1,500 shares in September as published by FINRA. Its up 275% from 400 shares, reported previously. With 9,300 shares average volume, it will take short sellers 0 days to cover their INRD’s short positions.

The stock increased 5.67% or $0.08 during the last trading session, reaching $1.49. About 700 shares traded. Inrad Optics, Inc. (OTCMKTS:INRD) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.

Inrad Optics, Inc., together with its subsidiaries, develops, makes, and markets crystal optical components and devices, custom optical components, precision optical and opto-mechanical assemblies that are used in the photonics industry sectors. The company has market cap of $20.46 million. It provides optical components, optical coatings, and subassemblies for the military, aerospace, industrial, and medical marketplace; planar, prismatic, and spherical components fabricated from glass and synthetic crystals comprising mirrors, lenses, prisms, wave plates, polarizing optics, X-ray monochromators and mirrors, and cavity optics for lasers; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors. It has a 1490 P/E ratio. The firm also offers laser system devices and instrumentation products comprising electro-optic and nonlinear crystal devices for altering the intensity, polarization, or wavelength of a laser beam, as well as other crystal components for use in laser research, in commercial laser systems, and in detection of fast neutrons; and pockelsÂ’ cells and associated electronics.

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