Short Interest in Daxor Co. (NASDAQ:DXR) Rises By 39.6%

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. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets upped their price objective on shares of Daxor from $24.50 to $24.75 and gave the company a “buy” rating in a report on Monday, September 9th.

Daxor Stock Down 2.3 %

Shares of DXR stock traded down $0.21 during trading on Friday, hitting $8.89. 21,291 shares of the stock traded hands, compared to its average volume of 3,723. Daxor has a 52-week low of $7.11 and a 52-week high of $10.04. The firm’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.08.

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.