Cuprina Holdings (Cayman) LTD (NASDAQ:CUPR) Sees Significant Growth in Short Interest

Cuprina Holdings (Cayman) LTD (NASDAQ:CUPR) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 14,383 shares, a growth of 357.9% from the September 30th total of 3,141 shares. Based on an average daily trading volume, of 74,972 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Cuprina Holdings (Cayman) from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Cuprina Holdings (Cayman) Price Performance

CUPR traded down $0.07 during trading on Thursday, reaching $1.79. The stock had a trading volume of 22,883 shares, compared to its average volume of 1,049,508. Cuprina Holdings has a one year low of $1.45 and a one year high of $14.80. The stock’s 50 day moving average is $2.34 and its two-hundred day moving average is $3.02.

About Cuprina Holdings (Cayman)

Cuprina Holdings (Cayman) Limited is a medical technology company focused on developing and commercializing products for wound care and tissue repair. The company’s business is centered on medical devices and biologically derived materials intended to support the management of wounds and related clinical applications.

Cuprina serves the healthcare market through products designed for use by medical professionals in wound-treatment settings. Its offerings are associated with advanced wound-care applications, including products based on porcine-derived materials and other biological technologies.

The company is headquartered in Singapore and operates through subsidiaries involved in the development, manufacturing, and distribution of its medical products.