Short Interest in Daxor Co. (NASDAQ:DXR) Expands By 144.3%

Daxor Co. (NASDAQ:DXR) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 14,900 shares, a growth of 144.3% from the November 15th total of 6,100 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 16,600 shares, the short-interest ratio is currently 0.9 days.

Daxor Price Performance

DXR traded up $0.01 on Wednesday, hitting $8.92. 2,325 shares of the company were exchanged, compared to its average volume of 7,524. The firm has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $8.98. Daxor has a 12 month low of $7.16 and a 12 month high of $10.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Daxor stock. Keyes Stange & Wooten Wealth Management LLC increased its holdings in Daxor Co. (NASDAQ:DXR) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,612 shares of the company’s stock after acquiring an additional 3,771 shares during the quarter. Keyes Stange & Wooten Wealth Management LLC owned about 0.30% of Daxor worth $126,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets upped their price target on shares of Daxor from $24.50 to $24.75 and gave the company a “buy” rating in a research report on Monday, September 9th.

About Daxor

Daxor Corporation, a medical device company, provides blood volume measurement technology focused on blood volume testing. The company develops and markets BVA-100 Blood Volume Analyzer, a diagnostic blood test to provide safe, accurate, objective quantification of blood volume status and composition compared to patient-specific norms for used in a broad range of medical and surgical conditions.