Short Interest in iSpecimen Inc. (NASDAQ:ISPC) Decreases By 99.1%

iSpecimen Inc. (NASDAQ:ISPCGet Free Report) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 51,489 shares, a decrease of 99.1% from the April 15th total of 5,529,018 shares. Based on an average daily volume of 1,959,292 shares, the days-to-cover ratio is presently 0.0 days. Approximately 7.9% of the company’s shares are short sold.

iSpecimen Price Performance

NASDAQ:ISPC opened at $4.54 on Wednesday. iSpecimen has a 1-year low of $4.00 and a 1-year high of $127.20. The company has a 50-day moving average of $6.64 and a 200 day moving average of $13.60. The firm has a market cap of $3.37 million, a PE ratio of -0.05 and a beta of 1.75.

Institutional Trading of iSpecimen

An institutional investor recently bought a new position in iSpecimen stock. Virtu Financial LLC bought a new position in shares of iSpecimen Inc. (NASDAQ:ISPCFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,257 shares of the company’s stock, valued at approximately $82,000. Virtu Financial LLC owned 0.65% of iSpecimen as of its most recent SEC filing. 13.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ISPC. Weiss Ratings reissued a “sell (e+)” rating on shares of iSpecimen in a research note on Tuesday, April 21st. Wall Street Zen raised shares of iSpecimen to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on iSpecimen

iSpecimen Company Profile

(Get Free Report)

iSpecimen, Inc (NASDAQ:ISPC) operates an online life sciences marketplace designed to connect researchers with human biological specimens and associated clinical data. The company’s platform streamlines the sourcing of biospecimens—such as plasma, serum, fresh and frozen tissue, saliva, urine and peripheral blood mononuclear cells (PBMCs)—by matching demand from pharmaceutical, biotechnology, diagnostic and academic organizations with supply from a wide network of clinical sites and biobanks.

Through its on-demand procurement model, iSpecimen provides customized specimen collection and fulfillment services that help accelerate research timelines and improve data quality.

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