Nanosphere Short Interest Up 51.5% in June (NSPH)
Nanosphere (NASDAQ:NSPH) was the recipient of a significant growth in short interest in the month of June. As of June 13th, there was short interest totalling 4,168,802 shares, a growth of 51.5% from the May 30th total of 2,751,371 shares, AnalystRatingsNetwork.com reports. Currently, 6.9% of the shares of the company are sold short. Based on an average trading volume of 634,275 shares, the short-interest ratio is presently 6.6 days.
Shares of Nanosphere (NASDAQ:NSPH) opened at 1.65 on Monday. Nanosphere has a 52 week low of $1.20 and a 52 week high of $3.53. The stock has a 50-day moving average of $1.38 and a 200-day moving average of $1.99. The company’s market cap is $126.6 million.
Nanosphere (NASDAQ:NSPH) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.01. Analysts expect that Nanosphere will post $-0.47 EPS for the current fiscal year.
Nanosphere, Inc is engaged in developing, manufacturing and marketing a molecular diagnostics platform, the Verigene System, that enables genomic and protein testing on a single platform.