Mazor Robotics experienced a large decline in short interest last month, according to a WKRB News & Analysis report.
The company, known for its robotic spine surgery system, has garnered a lot of attention recently from analysts. Here are six things to know:
1. There was short interest totaling 673,177 shares on Feb. 13, which dropped 23.5 percent from Jan. 30 when there were 880,391 shares.
2. The days-to-cover ratio is 9.3 days based on the average daily volume of 72,274 shares.
3. WallachBeth Capital lowered the company's price target from $21 to $16 and gave it a "buy rating" on Feb. 23.
4. A separate report from a Needham & Company analyst downgraded Mazor from "buy" to "hold" on Feb. 19.
5. Mazor opened the day at $11.75, better than the 52-week low at 9.63 but much lower than the 32-week high of $25.
6. Mazor's market cap is $247.4 million wit n average 50-day moving of $11.11.