Short Interest in Bovie Medical Co. (BVX) Drops By 25.9%
Bovie Medical Co. (NYSEAMERICAN:BVX) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 338,642 shares, a decline of 25.9% from the November 15th total of 457,241 shares. Based on an average trading volume of 82,209 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.2% of the shares of the company are sold short.
Shares of Bovie Medical (NYSEAMERICAN:BVX) opened at $2.62 on Tuesday. Bovie Medical has a one year low of $1.87 and a one year high of $4.29.
A number of brokerages recently weighed in on BVX. Zacks Investment Research cut shares of Bovie Medical from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine cut shares of Bovie Medical from a “hold” rating to a “sell” rating in a research note on Monday, November 6th.
Bovie Medical Company Profile
Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers through original equipment manufacturing (OEM) agreements, as well as start-up companies.
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