Medacta Group SA (OTCMKTS:MEDGF) Sees Large Increase in Short Interest

Medacta Group SA (OTCMKTS:MEDGF) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 10,666 shares, an increase of 80.0% from the April 30th total of 5,927 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Medacta Group Price Performance

MEDGF stock opened at $83.91 on Tuesday. The business has a fifty day moving average price of $83.91 and a 200 day moving average price of $83.91. Medacta Group has a fifty-two week low of $83.91 and a fifty-two week high of $86.33.

Medacta Group Company Profile

Medacta Group is a Switzerland‐based medical device company specializing in the design, manufacture and marketing of orthopedic and spine surgery solutions. The company develops a range of implants, instruments and surgical protocols aimed at improving patient outcomes in hip, knee, shoulder, spine and sports medicine procedures. Its product portfolio includes both standard and patient‐specific systems, supported by minimally invasive techniques and proprietary surgical instrumentation.

Central to Medacta’s offering are its joint replacement systems, which cover total and partial hip and knee arthroplasty.