Retractable Technologies, Inc. (NYSEAMERICAN:RVP) Sees Large Growth in Short Interest

Retractable Technologies, Inc. (NYSEAMERICAN:RVP) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 164,000 shares, an increase of 71.2% from the April 30th total of 95,800 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 332,500 shares, the days-to-cover ratio is currently 0.5 days.

Shares of Retractable Technologies stock remained flat at $$0.66 during midday trading on Monday. The company had a trading volume of 2,322 shares, compared to its average volume of 201,374. Retractable Technologies has a one year low of $0.54 and a one year high of $1.34.

Retractable Technologies (NYSEAMERICAN:RVP) last announced its earnings results on Wednesday, May 15th. The company reported ($0.01) EPS for the quarter. The company had revenue of $7.93 million during the quarter.

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About Retractable Technologies

Retractable Technologies, Inc designs, develops, manufactures, and markets safety medical products for the healthcare industry in the United States and internationally. It principally offers VanishPoint safety products comprising tuberculin, insulin, and allergy antigen syringes; autodisable syringes; IV catheters; blood collection tube holders; and blood collection sets, as well as Patient Safe products, including syringes and Luer caps.

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