Short Interest Coverage: A Reversal for Dextera Surgical Incorporated (NASDAQ:DXTR) Is Near. The Stock Has Decrease in Shorts

December 1, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: A Reversal for Dextera Surgical Incorporated (NASDAQ:DXTR) Is Near. The Stock Has Decrease in Shorts

The stock of Dextera Surgical Incorporated (NASDAQ:DXTR) registered a decrease of 14.48% in short interest. DXTR’s total short interest was 62,000 shares in December as published by FINRA. Its down 14.48% from 72,500 shares, reported previously. With 7,600 shares average volume, it will take short sellers 8 days to cover their DXTR’s short positions. The short interest to Dextera Surgical Incorporated’s float is 1%. About 8,426 shares traded hands. Dextera Surgical Inc (NASDAQ:DXTR) has declined 58.24% since April 28, 2016 and is downtrending. It has underperformed by 64.16% the S&P500.

Dextera Surgical Inc., formerly Cardica, Inc., creates and makes stapling devices that enable the advancement of minimally invasive surgical procedures. The company has a market cap of $12.41 million. The Firm is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons. It currently has negative earnings. The Company’s MicroCutter 5/80 is a commercially available cartridge microcutter device with approximately five millimeter shaft diameter, over 80 degrees of articulation, and an approximately 30 millimeter staple line cleared for specified indications for use in the United States, and in the European Union for a range of indications for use.

DXTR Company Profile

Dextera Surgical Inc., formerly Cardica, Inc., incorporated on October 15, 1997, creates and makes stapling devices that enable the advancement of minimally invasive surgical procedures. The Firm is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons. The Firm designs, makes and markets automated anastomotic systems used by surgeons to perform anastomoses during on- or off-pump coronary artery bypass graft (CABG) procedures. The Company’s MicroCutter 5/80 is a commercially available cartridge microcutter device with approximately five millimeter shaft diameter, over 80 degrees of articulation, and an approximately 30 millimeter staple line cleared for specified indications for use in the United States, and in the European Union (EU) for a range of indications for use.

More notable recent Dextera Surgical Inc (NASDAQ:DXTR) news were published by: Globenewswire.com which released: “Dextera and Intuitive Surgical Initiate Joint Development Program on New …” on August 01, 2016, also Globenewswire.com with their article: “Dextera Surgical to Announce Fiscal 2017 First Quarter Financial Results on …” published on October 25, 2016, Globenewswire.com published: “Dextera Surgical’s MicroCutter Technology to be Featured in Presentations at …” on September 28, 2016. More interesting news about Dextera Surgical Inc (NASDAQ:DXTR) were released by: Globenewswire.com and their article: “Dextera Surgical to Announce Fiscal 2016 Fourth Quarter Financial Results on …” published on July 29, 2016 as well as Globenewswire.com‘s news article titled: “Dextera Surgical Appoints Mark Soberman M.D., Leader in Thoracic Surgery, as …” with publication date: June 29, 2016.

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By Nellie Frank


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