Today’s Stock On Watch: Is Skyline Medical Incorporated (NASDAQ:SKLN)’s Fuel Running Low? Reports Show More Sellers

November 16, 2016 - By Vivian Park   ·   0 Comments

Today's Stock On Watch: Is Skyline Medical Incorporated (NASDAQ:SKLN)’s Fuel Running Low? Reports Show More Sellers

The stock of Skyline Medical Incorporated (NASDAQ:SKLN) registered an increase of 9.65% in short interest. SKLN’s total short interest was 4.23 million shares in November as published by FINRA. Its up 9.65% from 3.85 million shares, reported previously. With 17.93M shares average volume, it will take short sellers 0 days to cover their SKLN’s short positions. The short interest to Skyline Medical Incorporated’s float is 5.37%. The stock decreased 5.26% or $0.14 during the last trading session, hitting $2.52. Skyline Medical Inc (NASDAQ:SKLN) has declined 40.71% since April 14, 2016 and is downtrending. It has underperformed by 45.39% the S&P500.

Skyline Medical Inc. is a medical device firm that develops and makes The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The company has a market cap of $7.49 million. The Firm distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. It currently has negative earnings. The Firm also makes and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution.

SKLN Company Profile

Skyline Medical Inc., incorporated on April 23, 2002, is a medical device firm that develops and makes The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Firm distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Firm also makes and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis.

Another recent and important Skyline Medical Inc (NASDAQ:SKLN) news was published by Globenewswire.com which published an article titled: “Skyline Medical Announces all Three Proposals Approved at Special Meeting of …” on September 16, 2016.

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By Vivian Park


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