Combimatrix Corporation (NASDAQ:CBMX) Reports Increase in Sellers; Strong Momentum for Short Players

September 17, 2017 - By Stephen Andrade

 Combimatrix Corporation (NASDAQ:CBMX) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Combimatrix Corporation (NASDAQ:CBMX) registered an increase of 34.85% in short interest. CBMX’s total short interest was 133,500 shares in September as published by FINRA. Its up 34.85% from 99,000 shares, reported previously. With 38,700 shares average volume, it will take short sellers 3 days to cover their CBMX’s short positions. The short interest to Combimatrix Corporation’s float is 5.51%.

The stock decreased 3.97% or $0.3 on September 15, reaching $7.25. About 70,900 shares traded or 5.20% up from the average. CombiMatrix Corp (NASDAQ:CBMX) has risen 85.48% since September 17, 2016 and is uptrending. It has outperformed by 68.78% the S&P500.

CombiMatrix Corporation is a provider of molecular diagnostic solutions. The company has market cap of $21.16 million. The Firm specializes in pre-implantation genetic screening, miscarriage analysis, prenatal diagnosis and pediatric developmental disorders, offering deoxyribonucleic acid testing for the detection of genetic abnormalities, which cannot be identified through traditional methodologies. It currently has negative earnings. It performs genetic testing utilizing a range of cytogenomic techniques, including chromosomal microarray analysis, fluorescence in situ hybridization and karyotyping.

CombiMatrix Corp (NASDAQ:CBMX) Ratings Coverage

Among 2 analysts covering CombiMatrix (NASDAQ:CBMX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CombiMatrix had 3 analyst reports since October 6, 2016 according to SRatingsIntel. The firm earned “Hold” rating on Friday, August 4 by Ladenburg. On Thursday, October 6 the stock rating was initiated by Aegis Capital with “Buy”.

More notable recent CombiMatrix Corp (NASDAQ:CBMX) news were published by: Seekingalpha.com which released: “CombiMatrix: A Turnaround Story For 2014” on January 22, 2014, also Globenewswire.com with their article: “CombiMatrix Enters Into Merger Agreement with Invitae Corporation to be …” published on July 31, 2017, Quotes.Wsj.com published: “CombiMatrix Corp.” on February 11, 2011. More interesting news about CombiMatrix Corp (NASDAQ:CBMX) were released by: Globenewswire.com and their article: “CombiMatrix Corporation Reports Second Quarter 2017 Financial and Operating …” published on August 03, 2017 as well as Globenewswire.com‘s news article titled: “CombiMatrix Prices $8.0 Million Underwritten Public Offering” with publication date: March 21, 2016.

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