Bovie Medical Co. (BVX) Short Interest Up 53.6% in October
Bovie Medical Co. (AMEX:BVX) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 224,807 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.4% of the company’s stock are sold short.
Shares of Bovie Medical (BVX) traded down $0.06 during trading on Monday, hitting $2.79. The stock had a trading volume of 61,755 shares, compared to its average volume of 201,264. Bovie Medical has a 1-year low of $1.87 and a 1-year high of $4.49.
Several institutional investors have recently made changes to their positions in BVX. Virtu KCG Holdings LLC boosted its holdings in 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 purchasing an additional 8,182 shares in the last quarter. Archon Capital Management LLC acquired a new position in Bovie Medical in the third quarter valued at approximately $254,000. Northern Trust Corp boosted its holdings in Bovie Medical by 1.9% in the second quarter. Northern Trust Corp now owns 80,699 shares of the medical device company’s stock valued at $199,000 after purchasing an additional 1,534 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Bovie Medical in the second quarter valued at approximately $199,000. Finally, Cowen Prime Services LLC boosted its holdings in Bovie Medical by 205.3% in the second quarter. Cowen Prime Services LLC now owns 249,640 shares of the medical device company’s stock valued at $617,000 after purchasing an additional 167,862 shares in the last quarter.
A number of brokerages have recently commented on BVX. Zacks Investment Research downgraded Bovie Medical from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. ValuEngine downgraded Bovie Medical from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.
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Bovie Medical Company Profile
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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