Nanosonics Limited (OTCMKTS:NNCSF – Get Free Report) saw a large drop in short interest in August. As of August 15th, there was short interest totaling 336,100 shares, adropof35.6% from the July 31st total of 522,000 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 480.1 days. Based on an average daily volume of 700 shares, the short-interest ratio is currently 480.1 days.
Nanosonics Stock Performance
NNCSF remained flat at $2.60 during midday trading on Monday. The stock has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.71. Nanosonics has a one year low of $1.69 and a one year high of $3.30.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada downgraded Nanosonics to an “underperform” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
About Nanosonics
Nanosonics Limited operates as an infection prevention company globally. The company manufactures and distributes the trophon ultrasound probe disinfector, and its related consumables and accessories; and research, develops, and commercialize of infection control and decontamination products and related technologies.
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