Newest Short Interest Filing: Could Span America Medical Systems Incorporated (NASDAQ:SPAN) Go Up After Its Newest Short Interest Report?

November 16, 2016 - By Ellis Scott   ·   0 Comments

Newest Short Interest Filing: Could Span America Medical Systems Incorporated (NASDAQ:SPAN) Go Up After Its Newest Short Interest Report?

The stock of Span America Medical Systems Incorporated (NASDAQ:SPAN) registered an increase of 187.5% in short interest. SPAN’s total short interest was 2,300 shares in November as published by FINRA. Its up 187.5% from 800 shares, reported previously. With 6,200 shares average volume, it will take short sellers 0 days to cover their SPAN’s short positions. The short interest to Span America Medical Systems Incorporated’s float is 0.11%. About 1,014 shares traded hands. Span-America Medical Systems, Inc. (NASDAQ:SPAN) has risen 3.35% since April 14, 2016 and is uptrending. It has underperformed by 1.34% the S&P500.

SpanAmerica Medical Systems, Inc. makes therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The company has a market cap of $52.83 million. The Firm also makes foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market. It has a 12.79 P/E ratio. The Firm operates in two business divisions: medical and custom products.

Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.20, from 1.3 in 2016Q1. The ratio increased, as 5 funds sold all Span-America Medical Systems, Inc. shares owned while 3 reduced positions. 0 funds bought stakes while 12 increased positions. They now own 1.13 million shares or 1.25% more from 1.11 million shares in 2016Q1.
Lsv Asset reported 31,130 shares or 0% of all its holdings. Federated Invsts Inc Pa has 0% invested in the company for 83 shares. Dimensional Fund Advsr L P has 0% invested in the company for 111,567 shares. The Illinois-based Ativo Cap Mgmt Ltd Liability Corp has invested 0.17% in Span-America Medical Systems, Inc. (NASDAQ:SPAN). The Ontario – Canada-based Royal Natl Bank Of Canada has invested 0% in Span-America Medical Systems, Inc. (NASDAQ:SPAN). James Inv Research Incorporated last reported 0% of its portfolio in the stock. California Pub Employees Retirement System has invested 0% of its portfolio in Span-America Medical Systems, Inc. (NASDAQ:SPAN). Blackrock Fund Advisors accumulated 541 shares or 0% of the stock. Northern last reported 15,369 shares in the company. Acadian Asset Mngmt holds 734 shares or 0% of its portfolio. Blackrock Institutional Na accumulated 0% or 11,391 shares. The Georgia-based Earnest Partners Limited Liability Corporation has invested 0% in Span-America Medical Systems, Inc. (NASDAQ:SPAN). Us Bank & Trust De has 26,477 shares for 0% of their US portfolio. Deutsche National Bank Ag accumulated 1,100 shares or 0% of the stock. Fmr Limited Liability Company last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 8 insider sales for $114,175 net activity. 2,000 shares were sold by COGGINS RICHARD C, worth $36,438 on Tuesday, June 14. Herlong Fredrick C also sold $1,800 worth of Span-America Medical Systems, Inc. (NASDAQ:SPAN) shares. The insider O REAGAN JAMES R sold $13,870. The insider HENRION THOMAS D sold $36,640.

SPAN Company Profile

SpanAmerica Medical Systems, Inc. (Span-America), incorporated on September 21, 1970, makes therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The Firm also makes foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market. The Firm operates in two business divisions: medical and custom products. In the medical segment, it makes and markets pressure management products, including Geo-Matt, PressureGuard, Geo-Mattress, Span-Aids, Custom Care and Isch-Dish products. In the custom products segment, it makes consumer mattress pads and pillows for the retail bedding market and various engineered foam products for the industrial market.

More notable recent Span-America Medical Systems, Inc. (NASDAQ:SPAN) news were published by: Prnewswire.com which released: “Span-America Medical Systems To Release Fourth Quarter Fiscal 2016 Results On …” on November 02, 2016, also Marketwatch.com with their article: “Span-America Medical Systems Inc.” published on October 25, 2010, Businesswire.com published: “Span-America Names Linda D. Norman Vice-Chair of the Board of Directors” on November 15, 2016. More interesting news about Span-America Medical Systems, Inc. (NASDAQ:SPAN) were released by: Businesswire.com and their article: “Span-America Acquires MC Healthcare Products Inc.” published on December 09, 2011 as well as Businesswire.com‘s news article titled: “Span-America Announces Distribution Agreement for Australia” with publication date: April 20, 2016.

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By Ellis Scott


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