Medacta Group SA (OTCMKTS:MEDGF) Sees Large Growth in Short Interest

Medacta Group SA (OTCMKTS:MEDGF) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 37,926 shares, a growth of 255.6% from the May 14th total of 10,666 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Medacta Group Price Performance

MEDGF remained flat at $83.91 during trading hours on Friday. The firm’s 50 day moving average is $83.91 and its 200-day moving average is $83.91. Medacta Group has a 1-year low of $83.91 and a 1-year high of $86.33.

Medacta Group Company Profile

Medacta Group is a Switzerland?based medical device company specializing in the design, manufacture and marketing of orthopedic and spine surgery solutions. The company develops a range of implants, instruments and surgical protocols aimed at improving patient outcomes in hip, knee, shoulder, spine and sports medicine procedures. Its product portfolio includes both standard and patient?specific systems, supported by minimally invasive techniques and proprietary surgical instrumentation.

Central to Medacta’s offering are its joint replacement systems, which cover total and partial hip and knee arthroplasty.