MiMedx Group Sees Significant Increase in Short Interest (MDXG)
Shares of MiMedx Group (NASDAQ:MDXG) saw a significant increase in short interest in the month of January. As of March 31st, there was short interest totalling 8,896,687 shares, an increase of 29.7% from the March 14th total of 6,858,753 shares, Analyst RN reports. Currently, 10.8% of the shares of the stock are sold short. Based on an average daily volume of 1,163,461 shares, the short-interest ratio is presently 7.6 days.
MiMedx Group (NASDAQ:MDXG) opened at 5.65 on Tuesday. MiMedx Group has a 1-year low of $1.81 and a 1-year high of $8.80. The stock’s 50-day moving average is $6.60 and its 200-day moving average is $6.62. The company’s market cap is $596.5 million.
MiMedx Group (NASDAQ:MDXG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $18.00 million for the quarter, compared to the consensus estimate of $18.31 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. Analysts expect that MiMedx Group will post $-0.01 EPS for the current fiscal year.
MiMedx Group, Inc is a development-stage company. The Company is an integrated developer, manufacturer and marketer of patent protected regenerative biomaterial products and allografts processed from human amniotic membrane.
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