Invuity, Inc. (IVTY) Short Interest Update
Invuity, Inc. (NASDAQ:IVTY) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,011,546 shares, a growth of 49.3% from the July 31st total of 677,615 shares. Approximately 8.5% of the shares of the company are sold short. Based on an average daily trading volume, of 200,883 shares, the days-to-cover ratio is presently 5.0 days.
Several institutional investors have recently bought and sold shares of IVTY. UBS Group AG raised its position in Invuity by 53.4% in the first quarter. UBS Group AG now owns 13,200 shares of the medical instruments supplier’s stock valued at $105,000 after buying an additional 4,594 shares during the period. Citadel Advisors LLC bought a new position in Invuity during the second quarter valued at approximately $101,000. Bank of Montreal Can bought a new position in Invuity during the first quarter valued at approximately $112,000. Boston Advisors LLC bought a new position in Invuity during the first quarter valued at approximately $144,000. Finally, Renaissance Technologies LLC bought a new position in Invuity during the first quarter valued at approximately $151,000. 68.25% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on IVTY shares. Northland Securities restated a “buy” rating and set a $13.00 price target on shares of Invuity in a research note on Monday, May 8th. William Blair restated a “buy” rating on shares of Invuity in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded Invuity from a “sell” rating to a “hold” rating in a research note on Thursday, May 25th. Piper Jaffray Companies restated a “buy” rating and set a $10.00 price target on shares of Invuity in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded Invuity from a “strong sell” rating to a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.20.
Shares of Invuity (NASDAQ:IVTY) opened at 8.30 on Friday. Invuity has a 52-week low of $4.50 and a 52-week high of $14.00. The firm’s market capitalization is $141.52 million. The firm’s 50-day moving average price is $7.17 and its 200-day moving average price is $7.65.
Invuity (NASDAQ:IVTY) last posted its earnings results on Tuesday, July 25th. The medical instruments supplier reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.07. The company had revenue of $9.77 million for the quarter, compared to the consensus estimate of $10.30 million. Invuity had a negative net margin of 114.61% and a negative return on equity of 140.69%. On average, equities analysts predict that Invuity will post ($2.38) earnings per share for the current fiscal year.
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Invuity Company Profile
Invuity, Inc, a medical technology company, develops various surgical devices to address various surgical procedures in the United States. The company integrates its intelligent photonics technology platform into its single-use and reusable advanced surgical devices to address various critical intracavity illumination and visualization challenges.
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