Short Interest in NeuroMetrix Decreases By 35.7% (NURO)
Shares of NeuroMetrix (NASDAQ:NURO) were the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 443,393 shares, a drop of 35.7% from the July 15th total of 689,934 shares, American Banking News reports. Approximately 5.7% of the company’s shares are short sold. Based on an average trading volume of 204,699 shares, the days-to-cover ratio is currently 2.2 days.
Shares of NeuroMetrix (NASDAQ:NURO) traded down 2.29% on Monday, hitting $1.75. The stock had a trading volume of 53,127 shares. NeuroMetrix has a 52 week low of $1.47 and a 52 week high of $4.25. The stock has a 50-day moving average of $1.90 and a 200-day moving average of $2.10. The company’s market cap is $13.9 million.
NeuroMetrix (NASDAQ:NURO) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.85) EPS for the quarter. The company had revenue of $1.34 million for the quarter, compared to the consensus estimate of $1.16 million. On average, analysts predict that NeuroMetrix will post $-1.00 earnings per share for the current fiscal year.
NeuroMetrix, Inc (NASDAQ:NURO) is a science-based health care company transforming patient care through neurotechnology.
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