Dextera Surgical Inc. (NASDAQ:DXTR) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 943,487 shares, an increase of 59.4% from the April 28th total of 592,030 shares. Based on an average daily trading volume, of 859,783 shares, the short-interest ratio is currently 1.1 days. Approximately 11.5% of the company’s stock are sold short.
Separately, Zacks Investment Research cut Dextera Surgical from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
A hedge fund recently raised its stake in Dextera Surgical stock. Vanguard Group Inc. boosted its stake in shares of Dextera Surgical Inc. (NASDAQ:DXTR) by 68.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,137 shares of the medical instruments supplier’s stock after buying an additional 143,687 shares during the period. Vanguard Group Inc. owned 3.98% of Dextera Surgical worth $377,000 at the end of the most recent quarter. 18.39% of the stock is currently owned by hedge funds and other institutional investors.
Dextera Surgical (NASDAQ DXTR) traded down 4.415% during mid-day trading on Monday, hitting $0.197. The stock had a trading volume of 2,842,449 shares. The stock’s market cap is $1.76 million. Dextera Surgical has a one year low of $0.17 and a one year high of $2.94. The company has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.99.
Dextera Surgical (NASDAQ:DXTR) last announced its quarterly earnings results on Thursday, May 4th. The medical instruments supplier reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by $0.02. The company had revenue of $1.11 million for the quarter, compared to analysts’ expectations of $1.10 million. On average, equities analysts anticipate that Dextera Surgical will post ($1.34) EPS for the current year.
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About Dextera Surgical
Dextera Surgical Inc, formerly Cardica, Inc, designs and manufactures stapling devices that enable the advancement of minimally invasive surgical procedures. The Company is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.
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