SLS International Inc (SLS) Short Interest Up 93.3% in October

SLS International Inc (AMEX:SLS) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,086,731 shares, an increase of 93.3% from the October 15th total of 1,079,328 shares. Based on an average trading volume of 3,685,819 shares, the short-interest ratio is currently 0.6 days. Approximately 11.9% of the company’s shares are short sold.

Shares of AMEX SLS opened at $0.00 on Friday.

SLS International (AMEX:SLS) last announced its quarterly earnings data on Wednesday, August 15th. The biotechnology company reported ($1.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.03) by ($0.23).

Several research firms recently commented on SLS. HC Wainwright set a $4.00 price target on SLS International and gave the stock a “buy” rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded SLS International from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Friday, August 3rd. Maxim Group dropped their price target on SLS International from $13.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, July 20th. CIBC began coverage on SLS International in a research report on Thursday, November 1st. They issued an “outperform” rating for the company. Finally, Oppenheimer began coverage on SLS International in a research report on Thursday, November 1st. They issued an “outperform” rating and a $13.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $5.81.

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SLS International Company Profile

SLS international is a language services company which offers translations globally. The Company offers a range of services, including multilingual translations into all Spanish variants, localization, adaptation and content editing. It uses the mother-tongue linguists in order to meet the demanding standards.

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