Medexus Pharmaceuticals Inc. (OTCMKTS:MEDXF) Short Interest Up 90.0% in August

Medexus Pharmaceuticals Inc. (OTCMKTS:MEDXF) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 5,700 shares, a growth of 90.0% from the August 15th total of 3,000 shares. Based on an average trading volume of 95,400 shares, the days-to-cover ratio is presently 0.1 days.

Shares of Medexus Pharmaceuticals stock traded down $0.03 on Friday, reaching $2.55. The stock had a trading volume of 7,940 shares, compared to its average volume of 28,361. The business’s 50-day moving average price is $3.99 and its two-hundred day moving average price is $5.31. Medexus Pharmaceuticals has a fifty-two week low of $1.54 and a fifty-two week high of $7.76.

A number of research firms have issued reports on MEDXF. Roth Capital began coverage on shares of Medexus Pharmaceuticals in a research note on Monday, July 19th. They issued a “buy” rating and a $6.15 target price for the company. Canaccord Genuity cut shares of Medexus Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 18th.

About Medexus Pharmaceuticals

Medexus Pharmaceuticals, Inc operates as a pharmaceutical company, which provides healthcare products to Healthcare Professionals and patients and focuses on therapeutic areas of auto-immune disease and pediatrics. The firm products include Rasuvo, Ixinity and Triamcinolone Hexacetonide. The company was founded by Sylvain Chretien in January 2008 and is headquartered in Bolton, Canada.

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