SLS International Inc (SLS) Short Interest Up 93.3% in October

SLS International Inc (AMEX:SLS) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,086,731 shares, an increase of 93.3% from the October 15th total of 1,079,328 shares. Based on an average daily volume of 3,685,819 shares, the days-to-cover ratio is presently 0.6 days. Currently, 11.9% of the shares of the company are sold short.

Shares of SLS stock opened at $0.00 on Friday.

SLS International (AMEX:SLS) last issued its quarterly earnings data on Wednesday, August 15th. The biotechnology company reported ($1.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.03) by ($0.23).

A number of brokerages recently commented on SLS. HC Wainwright set a $4.00 target price on SLS International and gave the stock a “buy” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded SLS International from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Friday, August 3rd. Maxim Group cut their price target on SLS International from $13.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, July 20th. CIBC began coverage on SLS International in a research note on Thursday, November 1st. They issued an “outperform” rating for the company. Finally, Oppenheimer began coverage on SLS International in a research note on Thursday, November 1st. They issued an “outperform” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $5.81.

ILLEGAL ACTIVITY NOTICE: “SLS International Inc (SLS) Short Interest Up 93.3% in October” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/11/10/sls-international-inc-sls-short-interest-up-93-3-in-october.html.

About SLS International

SLS international is a language services company which offers translations globally. The Company offers a range of services, including multilingual translations into all Spanish variants, localization, adaptation and content editing. It uses the mother-tongue linguists in order to meet the demanding standards.

Featured Story: How much money do you need to begin day trading?

Receive News & Ratings for SLS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLS International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply