Short Interest in POET Technologies Inc. (NASDAQ:POET) Declines By 12.6%

POET Technologies Inc. (NASDAQ:POET - Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 434,100 shares, a drop of 12.6% from the May 31st total of 496,500 shares. Based on an average daily volume of 805,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.9% of the company's shares are short sold.Get POET Technologies alerts:POET Technologies Stock PerformancePOET Technologies stock opened at $2.07 on Friday. The firm has a market cap of $126.46 million, a price-to-earnings ratio of -4.22 and a beta of 0.31. The firm has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $1.46. POET Technologies has a 52-week low of $0.72 and a 52-week high of $4.86. POET Technologies (NASDAQ:POET - Get Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $0.01 million for the quarter. As a group, equities research analysts predict that POET Technologies will post -0.39 EPS for the current fiscal year. About POET Technologies (Get Free Report)POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. 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.Read MoreFive stocks we like better than POET TechnologiesWhat Are Dividend Achievers? An IntroductionWhat's Behind Walgreens Stock Plunge: What Investors Can Do NextRide Out The Recession With These Dividend Kings MarketBeat Week in Review – 6/24 - 6/28Pros And Cons Of Monthly Dividend StocksGeneral Mills Stock Drops After Revenue Miss in Fiscal Q4 2024This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Who are Nvidia’s Silent Partners? (From Weiss Ratings) (Ad)Should you invest $1,000 in POET Technologies right now?Before you consider POET Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.While POET Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here