Carmell Co. (NASDAQ:CTCX) Sees Significant Growth in Short Interest

Carmell Co. (NASDAQ:CTCX) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 827,600 shares, a growth of 688.2% from the December 31st total of 105,000 shares. Based on an average trading volume of 10,930,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.1% of the shares of the stock are short sold.

Carmell Stock Performance

Shares of NASDAQ:CTCX traded up $0.04 during trading hours on Tuesday, hitting $0.47. 108,142 shares of the company’s stock traded hands, compared to its average volume of 19,768,174. The company’s fifty day simple moving average is $0.36 and its two-hundred day simple moving average is $0.53. Carmell has a 52 week low of $0.20 and a 52 week high of $4.00.

About Carmell

Carmell Corporation operates as a bio-aesthetics company. The company utilizes Carmell Secretome to support skin and hair health. Its Carmell Secretome consists of growth factors and proteins extracted from allogeneic human platelets sourced from tissue banks. The company also developed a microemulsion formulation that enables delivery of lipophilic and hydrophilic ingredients without relying on the Foul Fourteen, 14 potentially harmful excipients that are commonly used by other companies to impart texture, stability, and other desirable physicochemical attributes to cosmetic products.