Amedica Co. (AMDA) Sees Significant Decline in Short Interest

Amedica Co. (NASDAQ:AMDA) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 466,048 shares, a drop of 40.1% from the May 15th total of 777,657 shares. Based on an average trading volume of 566,967 shares, the days-to-cover ratio is presently 0.8 days. Currently, 10.9% of the company’s stock are short sold.

Shares of NASDAQ:AMDA opened at $1.11 on Friday. Amedica has a 12 month low of $1.02 and a 12 month high of $6.96.

Several equities research analysts recently commented on the stock. Maxim Group reiterated a “hold” rating on shares of Amedica in a research note on Tuesday, May 8th. ValuEngine upgraded shares of Amedica from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

Amedica Company Profile

Amedica Corporation, a biomaterial company, develops, manufactures, and commercializes a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. The company offers silicon nitride implants to surgeons and hospitals for use in cervical and thoracolumbar spine surgery under the Valeo brand.

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