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.

Several hedge funds and other institutional investors have recently modified their holdings of BVX. RTW Investments LP bought a new stake in shares of Bovie Medical during the third quarter valued at about $3,852,000. Cowen Prime Services LLC raised its position in Bovie Medical by 205.3% in the second quarter. Cowen Prime Services LLC now owns 249,640 shares of the medical device company’s stock worth $617,000 after acquiring an additional 167,862 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Bovie Medical in the second quarter worth about $199,000. Archon Capital Management LLC bought a new stake in Bovie Medical in the third quarter worth about $254,000. Finally, Perkins Capital Management Inc. raised its position in Bovie Medical by 4.0% in the third quarter. Perkins Capital Management Inc. now owns 623,685 shares of the medical device company’s stock worth $2,108,000 after acquiring an additional 23,868 shares in the last quarter.

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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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