What’s in TRIMEDYNE INC (OTCMKTS:TMED) After Rise in Shorted Shares?

April 16, 2018 - By reb123z

The stock of TRIMEDYNE INC (OTCMKTS:TMED) registered an increase of 33.33% in short interest. TMED’s total short interest was 400 shares in April as published by FINRA. Its up 33.33% from 300 shares, reported previously. With 300 shares average volume, it will take short sellers 1 days to cover their TMED’s short positions.

It closed at $8.1 lastly. It is down 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Trimedyne, Inc. manufactures and sells lasers, and disposable and reusable fiber-optic laser devices for use in the medical field. The company has market cap of $998,762. It offers lasers, fibers, needles, and switch tips for use in orthopedics, urology, ear and nose surgery, throat surgery, gynecology, gastrointestinal surgery, general surgery, and other medical specialties. It currently has negative earnings. The firm also provides 80 watt and 30 watt holmium lasers, and side firing laser needles to treat herniated or ruptured spinal discs.

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