Short Interest in INVO Fertility, Inc (NASDAQ:IVF) Drops By 19.7%
by Scott Moore · The Cerbat GemINVO Fertility, Inc (NASDAQ:IVF – Get Free Report) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 284,595 shares, a decrease of 19.7% from the January 29th total of 354,428 shares. Currently, 4.1% of the company’s shares are short sold. Based on an average trading volume of 425,821 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 425,821 shares, the days-to-cover ratio is currently 0.7 days. Currently, 4.1% of the company’s shares are short sold.
Hedge Funds Weigh In On INVO Fertility
An institutional investor recently bought a new position in INVO Fertility stock. Citadel Advisors LLC purchased a new stake in INVO Fertility, Inc (NASDAQ:IVF – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,849 shares of the company’s stock, valued at approximately $51,000. Citadel Advisors LLC owned 1.19% of INVO Fertility at the end of the most recent reporting period. 12.02% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Maxim Group set a $4.00 price objective on shares of INVO Fertility in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.00.
Read Our Latest Analysis on INVO Fertility
INVO Fertility Stock Performance
NASDAQ IVF traded down $0.06 during trading hours on Tuesday, reaching $0.87. 379,627 shares of the company’s stock were exchanged, compared to its average volume of 10,548,115. The company has a market capitalization of $6.06 million, a price-to-earnings ratio of 0.00 and a beta of 2.66. The company’s 50-day moving average is $1.08 and its two-hundred day moving average is $3.84. INVO Fertility has a one year low of $0.71 and a one year high of $103.82.
About INVO Fertility
INVO Fertility (NASDAQ:IVF) is a medical technology company focused on advancing assisted reproductive treatments through innovative in-vivo incubation solutions. The company develops and commercializes devices designed to facilitate fertilization and early embryo development inside a patient’s body, offering an alternative to conventional laboratory-based in vitro fertilization (IVF) techniques.
The company’s flagship product, the INVOcell device, is a single-use, intravaginal incubator that holds a controlled microenvironment for egg and sperm co-incubation.