Itonic Holdings Ltd. (NASDAQ:ITOC – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,047 shares, a drop of 95.1% from the September 30th total of 206,400 shares. Based on an average trading volume of 26,939 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Itonic from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.
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Itonic Stock Up 0.4%
NASDAQ:ITOC traded up $0.01 on Tuesday, hitting $2.54. The stock had a trading volume of 10,850 shares, compared to its average volume of 119,059. The business’s fifty day moving average is $4.46 and its 200 day moving average is $4.97. Itonic has a 52 week low of $2.33 and a 52 week high of $18.40.
Itonic (NASDAQ:ITOC – Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The company reported ($0.75) earnings per share (EPS) for the quarter. The business had revenue of $0.05 million during the quarter.
Itonic Company Profile
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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