Check-Cap Ltd. (NASDAQ:CHEK – Get Rating) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 1,100,000 shares, an increase of 5.8% from the July 15th total of 1,040,000 shares. Based on an average trading volume of 470,100 shares, the days-to-cover ratio is presently 2.3 days.
Check-Cap Stock Down 0.4 %
Shares of Check-Cap stock traded down $0.00 during trading hours on Wednesday, reaching $0.36. 4,045 shares of the stock traded hands, compared to its average volume of 416,151. The company has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.39. The firm has a market capitalization of $34.51 million, a price-to-earnings ratio of -1.61 and a beta of 0.43. Check-Cap has a one year low of $0.29 and a one year high of $1.31.
Check-Cap (NASDAQ:CHEK – Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The medical research company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Sell-side analysts anticipate that Check-Cap will post -0.2 earnings per share for the current year.
Institutional Inflows and Outflows
Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening technology that utilizes ultra-low-dose X-rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule for detection of suspected polyps; C-Scan Track, a disposable system attached to the patient's back through biocompatible adhesive skin patches; and C-Scan View software, a client/server-based application that enables procedure data download from the C-Scan Track, data analysis, and report generation.
- Get a free copy of the StockNews.com research report on Check-Cap (CHEK)
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