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Novadaq Technologies (NASDAQ:NVDQ) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,732,321 shares, a growth of 38.3% from the April 15th total of 1,252,538 shares, AnalystRatings.NET reports. Based on an average trading volume of 456,251 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.2% of the shares of the stock are sold short.

A number of research firms have recently commented on NVDQ. Analysts at RBC Capital upgraded shares of Novadaq Technologies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $18.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Novadaq Technologies in a research note on Wednesday, April 23rd. They now have a $25.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Novadaq Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $18.10 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.93.

Novadaq Technologies (NASDAQ:NVDQ) opened at 16.17 on Monday. Novadaq Technologies has a one year low of $11.72 and a one year high of $24.09. The stock has a 50-day moving average of $17.80 and a 200-day moving average of $18.20. The company’s market cap is $890.8 million.

Novadaq Technologies (NASDAQ:NVDQ) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.03. The company had revenue of $10.30 million for the quarter, compared to the consensus estimate of $10.33 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. Analysts expect that Novadaq Technologies will post $-0.24 EPS for the current fiscal year.

Novadaq Technologies Inc develops and commercializes medical imaging and therapeutic devices for use in the operating room.

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