Nephros, Inc. (NASDAQ:NEPH) Short Interest Up 1,750.0% in October

Nephros, Inc. (NASDAQ:NEPH) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 11,100 shares, an increase of 1,750.0% from the October 15th total of 600 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “speculative buy” rating and set a $5.00 target price on shares of Nephros in a research report on Tuesday.

Hedge Funds Weigh In On Nephros

A hedge fund recently bought a new stake in Nephros stock. Dimensional Fund Advisors LP bought a new stake in shares of Nephros, Inc. (NASDAQ:NEPH) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,631 shares of the company’s stock, valued at approximately $37,000. Dimensional Fund Advisors LP owned 0.17% of Nephros as of its most recent SEC filing. 41.10% of the stock is currently owned by institutional investors.

Nephros Price Performance

Shares of NASDAQ:NEPH traded up $0.03 on Tuesday, reaching $1.64. The company’s stock had a trading volume of 5,461 shares, compared to its average volume of 15,139. The stock has a market capitalization of $17.29 million, a P/E ratio of -17.89 and a beta of 1.19. Nephros has a 52-week low of $1.36 and a 52-week high of $4.04. The stock’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.94.

About Nephros

Nephros, Inc, a commercial-stage company, develops and sells water solutions to the medical and commercial markets in the United States. It offers ultrafiltration products that are used in dialysis centers for the removal of biological contaminants from water and bicarbonate concentrate; and in hospitals for the prevention of infection from waterborne pathogens, such as legionella and pseudomonas, as well as in military and outdoor recreation, commercial, and other healthcare facilities.