Orthofix International N.V. Short Interest Down 20.9% in May (OFIX)
Shares of Orthofix International N.V. (NASDAQ:OFIX) were the target of a significant decrease in short interest during the month of May. As of May 30th, there was short interest totalling 598,712 shares, a decrease of 20.9% from the May 15th total of 756,784 shares, StockRatingsNetwork reports. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 120,400 shares, the days-to-cover ratio is presently 5.0 days.
In other Orthofix International N.V. news, CFO Mark A. Heggestad purchased 13,696 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average price of $33.25 per share, for a total transaction of $455,392.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Orthofix International N.V. from an “underperform” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $32.50 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Orthofix International N.V. from $34.00 to $36.00 in a research note on Tuesday, April 1st.
Shares of Orthofix International N.V. (NASDAQ:OFIX) opened at 35.14 on Friday. Orthofix International N.V. has a 1-year low of $19.35 and a 1-year high of $35.62. The stock has a 50-day moving average of $32.08 and a 200-day moving average of $26.37. The company’s market cap is $647.8 million.
Orthofix International N.V. (NASDAQ:OFIX) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.07. The company had revenue of $101.34 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter last year, the company posted $0.37 earnings per share. Orthofix International N.V.’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Orthofix International N.V. will post $1.16 earnings per share for the current fiscal year.
Orthofix International N.V. (NASDAQ:OFIX) is a diversified, global medical device company focused on developing and delivering repair and regenerative solutions to the spine and orthopedic markets.
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