Perimeter Medical Imaging AI, Inc. (OTCMKTS:PYNKF) Shares Shorted: Short Interest Up 628.8% in October

Perimeter Medical Imaging AI, Inc. (OTCMKTS:PYNKF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 51,583 shares, a growth of 628.8% from the September 30th total of 7,078 shares. Based on an average trading volume of 131,105 shares, the short-interest ratio is presently 0.4 days.

Perimeter Medical Imaging AI Stock Performance

Shares of PYNKF stock traded down $0.01 during trading hours on Wednesday, reaching $0.11. 27,490 shares of the company’s stock were exchanged, compared to its average volume of 102,824. Perimeter Medical Imaging AI has a fifty-two week low of $0.10 and a fifty-two week high of $0.53. The stock’s 50 day moving average is $0.19 and its 200-day moving average is $0.23.

About Perimeter Medical Imaging AI

Perimeter Medical Imaging AI Inc is a medical technology company focused on improving cancer surgery through intraoperative imaging. Based in Toronto, Canada, the company develops tools intended to help surgical teams assess excised tissue during procedures, with an initial emphasis on breast cancer surgery.

Its core technology uses optical coherence tomography (OCT) to produce high-resolution images of fresh, unstained tissue in near real time. The company’s Perimeter S-Series OCT system is designed to provide surgeons and pathologists with additional information about tissue margins while a procedure is underway, potentially supporting decisions about whether further tissue should be removed.

Perimeter Medical Imaging AI is also developing artificial intelligence applications intended to assist with the interpretation of intraoperative tissue images.