Itonic Holdings Ltd. (NASDAQ:ITOC – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 81,183 shares, a drop of 59.0% from the May 31st total of 197,966 shares. Based on an average trading volume of 3,686,350 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Itonic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Itonic Stock Down 0.3%
Itonic (NASDAQ:ITOC – Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $0.23 million during the quarter.
About Itonic
iTonic Holdings Ltd., a healthcare solutions provider, develops and commercializes treatment software and devices used for brachytherapy. Its proprietary treatment planning system is a radioactive particle implantation, a radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company offers FTTPS, a treatment planning system for treating various malignant tumors, which could determine the target volume, prescription dose, and dose limitation to protect organs at risks and produce dose distribution plan for brachytherapy for cancer patients.
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