Smith & Nephew target of a large growth in short interest — 4 observations

Written by Allison Sobczak | February 16, 2016 | Print  |

Smith & Nephew saw a large growth in short interest during the month of January, according to The Vista Voice.

Here are four observations:


1. As of Jan. 29, 2016, there was a short interest totaling 1,338,421 shares, a growth of 76 percent from the Jan. 15, 2016 total of 760,338 shares.


2. Based on an average trading volume of 468,324 shares, the days-to-cover ratio is presently 2.9 days.


3. Shares of Smith & Nephew opened at 31.17 on Tues., Feb. 16, 2016. The firm has a 50-day moving average of $33.07 and a 200-day moving average of $34.51. The company has a market capitalization of $13.93 billion and a P/E ration of 34.18. The company has a one-year low of $30.23 and a one year high of $37.84.


4. Smith & Nephew is a global medical devices business operating in the markets for advanced surgical devices, which includes orthopedic reconstruction, trauma and sports medicine and advanced wound management.


More articles on devices and implants:
43 spine, orthopedic devices receive FDA 510(k) clearance in January
Foot and ankle market to reach $5.4B in 2020 — 4 insights
Wright Medical Group shares receive average price target of $28.11: 5 things to know

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