Short Interest in Milestone Scientific Inc. (MLSS) Increases By 82.6%
Milestone Scientific Inc. (NYSEAMERICAN:MLSS) saw a large growth in short interest in January. As of January 12th, there was short interest totalling 134,557 shares, a growth of 82.6% from the December 29th total of 73,683 shares. Based on an average daily volume of 46,743 shares, the short-interest ratio is currently 2.9 days. Approximately 0.7% of the shares of the stock are sold short.
Separately, Maxim Group reiterated a “buy” rating and issued a $4.00 price objective on shares of Milestone Scientific in a research report on Friday, October 6th.
In other Milestone Scientific news, CFO Joseph D’agostino sold 52,980 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $1.05, for a total transaction of $55,629.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 112,980 shares of company stock worth $119,529 over the last 90 days.
Milestone Scientific (NYSEAMERICAN:MLSS) last released its quarterly earnings data on Wednesday, November 15th. The medical instruments supplier reported ($0.04) EPS for the quarter. Milestone Scientific had a negative return on equity of 70.11% and a negative net margin of 49.67%.
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About Milestone Scientific
Milestone Scientific Inc (Milestone) is engaged in providing computer-controlled injection technologies and solutions for the medical and dental markets. The Company uses its CompuFlo technology for the delivery of medicaments. The CompuFlo pressure or force Computer-Controlled Local Anesthetic Delivery (C-CLAD) technology is a medical technology for the delivery of drugs, anesthetics and other medicaments into various tissue types.
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