Soliton Inc (NASDAQ:SOLY) Short Interest Update

Soliton Inc (NASDAQ:SOLY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,065,800 shares, a growth of 13.1% from the July 31st total of 942,000 shares. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is currently 0.5 days. Currently, 19.7% of the shares of the company are sold short.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Soliton during the second quarter valued at approximately $32,000. Bank of Montreal Can bought a new stake in shares of Soliton during the second quarter valued at approximately $91,000. Royal Bank of Canada bought a new stake in shares of Soliton during the second quarter valued at approximately $96,000. Morgan Stanley bought a new stake in shares of Soliton during the second quarter valued at approximately $121,000. Finally, National Asset Management Inc. bought a new stake in shares of Soliton during the first quarter valued at approximately $162,000. 3.53% of the stock is currently owned by institutional investors.

NASDAQ SOLY traded up $0.17 during trading hours on Friday, reaching $13.26. The company’s stock had a trading volume of 42,012 shares, compared to its average volume of 456,770. The company has a 50-day moving average of $11.95. Soliton has a 52 week low of $4.12 and a 52 week high of $29.00.

Soliton Company Profile

Soliton, Inc, an early stage medical device company, focuses on developing and commercializing products using a proprietary rapid acoustic pulse technology platform. It offers a device for the removal of tattoos. The company was founded in 2012 and is headquartered in Houston, Texas.

Featured Story: Limitations to arbitrage trading

Receive News & Ratings for Soliton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Soliton and related companies with MarketBeat.com's FREE daily email newsletter.