Organovo Holdings Sees Significant Increase in Short Interest (ONVO)
Shares of Organovo Holdings (NYSE:ONVO) were the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 17,971,417 shares, an increase of 2.6% from the July 31st total of 17,509,445 shares, AnalystRatingsNetwork.com reports. Currently, 25.4% of the company’s stock are short sold. Based on an average trading volume of 995,413 shares, the days-to-cover ratio is currently 18.1 days.
Shares of Organovo Holdings (NYSE:ONVO) traded down 0.25% on Tuesday, hitting $7.92. The stock had a trading volume of 624,636 shares. Organovo Holdings has a one year low of $4.96 and a one year high of $13.65. The stock has a 50-day moving average of $7.75 and a 200-day moving average of $7.83. The company’s market cap is $621.6 million.
Organovo Holdings, Inc (NYSE:ONVO), formerly Real Estate Restoration & Rental, Inc, is a development-stage company.
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