Retractable Technologies, Inc. (NYSEAMERICAN:RVP) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 60,739 shares, a drop of 58.4% from the November 15th total of 145,913 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 107,160 shares, the days-to-cover ratio is currently 0.6 days.

Shares of Retractable Technologies (RVP) opened at $0.66 on Tuesday. Retractable Technologies has a 52-week low of $0.54 and a 52-week high of $1.48.

Retractable Technologies (NYSEAMERICAN:RVP) last released its earnings results on Tuesday, November 14th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $10.41 million during the quarter. Retractable Technologies had a negative net margin of 17.65% and a negative return on equity of 22.24%.

Separately, ValuEngine raised Retractable Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd.

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About Retractable Technologies

Retractable Technologies, Inc designs, develops and manufactures safety medical products for the healthcare industry. The Company markets VanishPoint and PatientSafe products. The VanishPoint products are designed specifically to prevent needle stick injuries and to prevent reuse. The VanishPoint safety products include tuberculin, insulin and allergy antigen VanishPoint syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL and 10mL VanishPoint syringes, and the VanishPoint autodisable syringe.

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