Luna Innovations Inc shares had a trading volume of 950K in the last trading session. Volume was up 456.90% over the stocks average daily volume.
Traders are a little more bullish on shares of the company of late if you take into consideration the downtick in short interest. The company experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -35.90%. Short shares fell from 45,064 to 28,888 over that period. With short interest at 28,888 and short average daily volume at 51,045, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (LUNA). Tower Research Capital LLC (trc) augmented its ownership by buying 7,383 shares an increase of 161.9% as of 06/30/2017. Tower Research Capital LLC (trc) owns 11,944 shares valued at $18,000. The value of the position overall is up by 125.0%. As of the end of the quarter Spark Investment Management LLC had disposed of a total of 30,400 shares trimming its position 44.7%. The value of the investment in Luna Innovations Inc went from $117,000 to $56,000 a change of 52.1% quarter to quarter.
As of quarter end Thompson Davis & Co., Inc. had sold 17,452 shares trimming its stake by 11.4%. The value of the total investment in Luna Innovations Inc decreased from $231,000 to $229,000 decreasing 0.9% quarter over quarter. Citadel Advisors LLC reduced its stake by selling 2,813 shares a decrease of 17.0% from 06/30/2017 to 09/30/2017. Citadel Advisors LLC currently owns 13,761 shares worth $23,000. The total value of its holdings decreased 8.0%.
Equity analyst Northland Securities released guidance on LUNA stating a rating of “Buy” and price target of $3.00.
The company is now up by 4.52% percent from yesterday’s close. The company’s P/E ratio is N/A and the market value is 52.22M. In the last earnings report the EPS was $-0.07 with 28.23M shares presently outstanding.
Luna Innovations Incorporated, launched on April 4, 2003, develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries. The Company operates in two business segments: Products and Licensing, and Technology Development. The Products and Licensing segment develops, manufactures and markets its suite of products, including high-speed optical receiver (HSOR), custom optoelectronic subsystems (Optoelectronics), and Terahertz (THz) products, and fiber optic sensing, as well as test and measurement products. The Technology Development segment performs applied research principally in the areas of sensing and instrumentation, advanced materials and health sciences..