T2 Biosystems, Inc. (NASDAQ:TTOO) Short Interest Down 28.6% in December

T2 Biosystems, Inc. (NASDAQ:TTOO) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 624,900 shares, a decline of 28.6% from the November 30th total of 875,200 shares. Based on an average trading volume of 782,300 shares, the short-interest ratio is currently 0.8 days. Currently, 6.7% of the shares of the company are sold short.

Institutional Investors Weigh In On T2 Biosystems

An institutional investor recently bought a new position in T2 Biosystems stock. Armistice Capital LLC acquired a new stake in shares of T2 Biosystems, Inc. (NASDAQ:TTOO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,658,000 shares of the medical equipment provider’s stock, valued at approximately $8,854,000. Armistice Capital LLC owned approximately 9.49% of T2 Biosystems at the end of the most recent quarter. Institutional investors own 23.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on T2 Biosystems in a research report on Saturday. They issued a “sell” rating for the company.

T2 Biosystems Trading Up 3.7 %

T2 Biosystems stock traded up $0.02 during mid-day trading on Friday, hitting $0.43. 795,770 shares of the company traded hands, compared to its average volume of 404,656. T2 Biosystems has a one year low of $0.31 and a one year high of $8.38. The stock has a fifty day moving average price of $0.62 and a 200-day moving average price of $2.64.

T2 Biosystems Company Profile

T2 Biosystems, Inc, an in vitro diagnostics company, develops and sells diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine.