Amedica Corp. (AMDA) Sees Significant Growth in Short Interest
Amedica Corp. (NASDAQ:AMDA) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,318,768 shares, a growth of 92.3% from the August 15th total of 1,205,560 shares. Approximately 9.9% of the shares of the stock are short sold. Based on an average trading volume of 8,498,874 shares, the days-to-cover ratio is currently 0.3 days.
Amedica Corp. (NASDAQ:AMDA) opened at 0.9642 on Friday. Amedica Corp. has a 1-year low of $0.60 and a 1-year high of $7.02. The firm’s market cap is $22.74 million. The company’s 50 day moving average is $0.89 and its 200-day moving average is $1.28.
Amedica Corp. (NASDAQ:AMDA) last issued its earnings results on Thursday, August 11th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.31) by $0.09. Amedica Corp. had a negative net margin of 116.13% and a negative return on equity of 253.68%. The business had revenue of $4 million for the quarter, compared to analyst estimates of $4.20 million. On average, analysts predict that Amedica Corp. will post ($0.87) EPS for the current fiscal year.
Amedica Corp. Company Profile
Amedica Corporation is a commercial biomaterial company. The Company is a vertically integrated silicon nitride orthopedic medical device manufacturer. It is focused on using its silicon nitride ceramic technology platform to develop, manufacture and sell a range of medical devices. It is also engaged in developing wear- and corrosion-resistant implant components for hip and knee arthroplasty.
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