Spectral Medical Inc. (OTCMKTS:EDTXF) Sees Significant Growth in Short Interest

Spectral Medical Inc. (OTCMKTS:EDTXF) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 72,400 shares, a growth of 24.8% from the January 31st total of 58,000 shares. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is currently 4.1 days.

Spectral Medical Price Performance

Shares of Spectral Medical stock opened at $0.49 on Thursday. The firm has a market capitalization of $139.53 million, a PE ratio of -7.00 and a beta of 0.87. The company’s fifty day moving average price is $0.40 and its two-hundred day moving average price is $0.42. Spectral Medical has a 52-week low of $0.29 and a 52-week high of $0.55.

About Spectral Medical

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.