InspireMD Inc (NSPR) Sees Large Drop in Short Interest

InspireMD Inc (NYSEAMERICAN:NSPR) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 1,380,239 shares, a decrease of 26.2% from the December 14th total of 1,869,651 shares. Based on an average trading volume of 732,618 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.9% of the company’s stock are short sold.

NSPR opened at $0.19 on Friday. InspireMD has a 52-week low of $0.13 and a 52-week high of $9.17.

InspireMD (NYSEAMERICAN:NSPR) last posted its quarterly earnings data on Tuesday, November 6th. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million for the quarter.

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InspireMD Company Profile

InspireMD, Inc, a medical device company, focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of coronary and vascular diseases. The company offers CGuard carotid embolic prevention systems for use in carotid artery applications; and MGuard prime embolic protection systems for use in patients with acute coronary syndromes, notably acute myocardial infarction, and saphenous vein graft coronary interventions.

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