Daxor Co. (NASDAQ:DXR) Sees Significant Growth in Short Interest

Daxor Co. (NASDAQ:DXR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 14,800 shares, an increase of 39.6% from the August 31st total of 10,600 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 3.7 days.

Daxor Trading Down 2.3 %

NASDAQ:DXR traded down $0.21 during trading hours on Friday, reaching $8.89. 21,291 shares of the stock were exchanged, compared to its average volume of 3,723. Daxor has a twelve month low of $7.11 and a twelve month high of $10.04. The firm has a 50 day moving average of $8.90 and a 200 day moving average of $9.09.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lifted their price target on Daxor from $24.50 to $24.75 and gave the company a “buy” rating in a research note on Monday, September 9th.

About Daxor

Daxor Corporation, a medical device company, provides blood volume measurement technology focused on blood volume testing. The company develops and markets BVA-100 Blood Volume Analyzer, a diagnostic blood test to provide safe, accurate, objective quantification of blood volume status and composition compared to patient-specific norms for used in a broad range of medical and surgical conditions.