Today’s Stock On Watch: It Seems Avinger Incorporated (NASDAQ:AVGR) Will Go Down. Just Reported More Shorted Shares

November 25, 2016 - By Clifton Ray   ·   0 Comments

Today's Stock On Watch: It Seems Avinger Incorporated (NASDAQ:AVGR) Will Go Down. Just Reported More Shorted Shares

The stock of Avinger Incorporated (NASDAQ:AVGR) registered an increase of 13.71% in short interest. AVGR’s total short interest was 1.81M shares in November as published by FINRA. Its up 13.71% from 1.59 million shares, reported previously. With 195,200 shares average volume, it will take short sellers 9 days to cover their AVGR’s short positions. The short interest to Avinger Incorporated’s float is 16.19%. The stock closed at $4 during the last session. It is down 66.13% since April 22, 2016 and is downtrending. It has underperformed by 71.54% the S&P500.

Avinger, Inc. is a commercial-stage medical device company. The company has a market cap of $91.22 million. The Firm designs, makes and sells image-guided, catheter systems that are used by physicians to treat patients with peripheral arterial disease . It currently has negative earnings. The Firm focuses on introducing products based on its lumivascular platform, which is an intravascular image-guided system.

AVGR Company Profile

Avinger, Inc., incorporated on March 8, 2007, is a commercial-stage medical device company. The Firm designs, makes and sells image-guided, catheter systems that are used by physicians to treat patients with peripheral arterial disease (PAD). The Firm focuses on introducing products based on its lumivascular platform, which is an intravascular image-guided system. The Firm makes and sells a suite of products in the United States and select European markets. The Company’s products include Lightbox imaging console, as well as its Wildcat, Kittycat and the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (CTO). The lumivascular platform offers real-time visualization of the inside of the artery during PAD treatment. The lumivascular platform consists of a capital component Lightbox and a range of disposable catheter products, including Ocelot, Ocelot PIXL, Ocelot MVRX and Pantheris.

More notable recent Avinger Inc (NASDAQ:AVGR) news were published by: Marketwatch.com which released: “Avinger Inc. NASDAQ: AVGR” on December 15, 2011, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on August 10, 2016, Zacks.com published: “Avinger Inc. (AVGR) Lowers Guidance, Stock Down 40%” on July 13, 2016. More interesting news about Avinger Inc (NASDAQ:AVGR) were released by: Globenewswire.com and their article: “Avinger, Inc. Announces Closing of Public Offering of Common Stock and …” published on August 16, 2016 as well as Globenewswire.com‘s news article titled: “Avinger, Inc. Announces Preliminary Second Quarter 2016 Revenue Results” with publication date: July 12, 2016.

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By Clifton Ray


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