Bovie Medical Co. (NYSEAMERICAN:BVX) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 370,963 shares, an increase of 53.6% from the October 13th total of 241,574 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 224,807 shares, the short-interest ratio is presently 1.7 days.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Bovie Medical from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. ValuEngine lowered shares of Bovie Medical from a “hold” rating to a “sell” rating in a research report on Monday, November 6th.
Several large investors have recently bought and sold shares of the company. RTW Investments LP acquired a new position in shares of Bovie Medical in the third quarter valued at approximately $3,852,000. Archon Capital Management LLC acquired a new position in shares of Bovie Medical in the third quarter valued at approximately $254,000. Perkins Capital Management Inc. raised its position in shares of Bovie Medical by 4.0% in the third quarter. Perkins Capital Management Inc. now owns 623,685 shares of the medical device company’s stock valued at $2,108,000 after buying an additional 23,868 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Bovie Medical by 36.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 109,950 shares of the medical device company’s stock valued at $372,000 after buying an additional 29,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its position in shares of Bovie Medical by 23.5% in the second quarter. Virtu KCG Holdings LLC now owns 42,941 shares of the medical device company’s stock valued at $106,000 after buying an additional 8,182 shares during the last quarter.
Bovie Medical (NYSEAMERICAN BVX) opened at $2.66 on Thursday. Bovie Medical has a 52-week low of $1.87 and a 52-week high of $4.49.
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About Bovie Medical
Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers through original equipment manufacturing (OEM) agreements, as well as start-up companies.
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