Short Interest Watching: Sharps Compliance Corporation (NASDAQ:SMED) Sellers Increased By 1.55% Their Shorts

November 16, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Watching: Sharps Compliance Corporation (NASDAQ:SMED) Sellers Increased By 1.55% Their Shorts

The stock of Sharps Compliance Corporation (NASDAQ:SMED) registered an increase of 1.55% in short interest. SMED’s total short interest was 156,900 shares in November as published by FINRA. Its up 1.55% from 154,500 shares, reported previously. With 12,300 shares average volume, it will take short sellers 13 days to cover their SMED’s short positions. The short interest to Sharps Compliance Corporation’s float is 1.33%. The stock decreased 0.23% or $0.01 on November 15, hitting $4.3. Sharps Compliance Corp. (NASDAQ:SMED) has declined 23.72% since April 14, 2016 and is downtrending. It has underperformed by 28.40% the S&P500.

Sharps Compliance Corp. is a provider of waste management services, including medical, pharmaceutical and hazardous. The company has a market cap of $71.64 million. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions. It currently has negative earnings. The Company’s solutions facilitate the collection, containment, transportation and treatment of various types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, hazardous waste and unused consumer dispensed medications and over-the-counter drugs.

Insitutional Activity: The institutional sentiment is 1 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 4 funds sold all Sharps Compliance Corp. shares owned while 10 reduced positions. only 4 funds bought stakes while 10 increased positions. They now own 3.63 million shares or 2.79% more from 3.53 million shares in 2016Q1.
Grp Inc One Trading Limited Partnership holds 200 shares or 0% of its portfolio. Goodman Financial Corporation reported 821,849 shares or 2.15% of all its holdings. Tower Rech Ltd (Trc) owns 1,542 shares or 0% of their US portfolio. North Star Mgmt Corp last reported 0.08% of its portfolio in the stock. Northern last reported 0% of its portfolio in the stock. Heartland Inc holds 0.08% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED) for 340,510 shares. Blackrock Group Incorporated has invested 0% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED). Renaissance Techs Ltd Liability last reported 471,605 shares in the company. Ingalls Snyder Llc has invested 0.02% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED). Bank & Trust Of America Corporation De last reported 10 shares in the company. Deutsche National Bank & Trust Ag has 0% invested in the company for 13,345 shares. Moreover, Blackrock Institutional Tru Na has 0% invested in Sharps Compliance Corp. (NASDAQ:SMED) for 77,493 shares. Thompson Davis & Inc accumulated 18,500 shares or 0.13% of the stock. Wesbanco Bank last reported 62,000 shares in the company. Blackrock Fund Advisors holds 0% of its portfolio in Sharps Compliance Corp. (NASDAQ:SMED) for 32,931 shares.

Sharps Compliance Corp. (NASDAQ:SMED) Ratings Coverage

Out of 2 analysts covering Sharps Compliance (NASDAQ:SMED), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Sharps Compliance has been the topic of 2 analyst reports since September 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by First Analysis on Friday, August 12 to “Equal-Weight”. Stifel Nicolaus maintained Sharps Compliance Corp. (NASDAQ:SMED) rating on Wednesday, September 23. Stifel Nicolaus has “Buy” rating and $11 price target.

SMED Company Profile

Sharps Compliance Corp., incorporated on November 17, 1992, is a well-known provider of waste management services, including medical, pharmaceutical and hazardous. The Company’s solutions include Sharps Recovery System, TakeAway Medication Recovery System, MedSafe, Route-Based Pickup Service, TakeAway Recycle System, ComplianceTRAC, Universal Waste Shipback Systems and Other Solutions. The Company’s solutions facilitate the collection, containment, transportation and treatment of various types of healthcare-related materials, including hypodermic needles, lancets and other devices or objects used to puncture or lacerate the skin, or sharps, hazardous waste and unused consumer dispensed medications and over-the-counter drugs.

More recent Sharps Compliance Corp. (NASDAQ:SMED) news were published by: Seekingalpha.com which released: “Sharp Compliance – Cleaning Up The Drugs In The U.S.” on November 14, 2016. Also Quotes.Wsj.com published the news titled: “News Sharps Compliance Corp.SMED” on February 11, 2011. Seekingalpha.com‘s news article titled: “A Close Look At Sharps Compliance” with publication date: April 07, 2016 was also an interesting one.

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By Adrian Mccoy


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