K2M shorts interest drops by 12%: 5 things to know

Spinal Tech

K2M reported a loss of 72,045 shares or 12 percent in the short interest, according to a report from Candle Strips Bar & Graph Report.

Here are five things to know:  

 

•    In terms of floated shares, the shorted positions stood at 2.8 percent.
•    The stock has been averaging 156,359 shares daily in trading and would need three days to cover the shorts.
•    K2M shares have dropped 5.66 percent during the past week; however, the shares have posted positive gains of 2.71 percent in the last four weeks.
•    The 52-week peak value of the shares is $23.63 and the one-year low is $12.31.
•    The company has a market cap of $787 million.

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