Stereotaxis, Inc. (NYSEAMERICAN:STXS) Short Interest Update

Stereotaxis, Inc. (NYSEAMERICAN:STXSGet Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,540,000 shares, a drop of 17.3% from the November 15th total of 3,070,000 shares. Based on an average daily volume of 291,600 shares, the short-interest ratio is presently 8.7 days. Currently, 3.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Stereotaxis

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Stereotaxis in the third quarter worth approximately $39,000. Forum Financial Management LP bought a new position in shares of Stereotaxis during the 2nd quarter worth approximately $48,000. Jane Street Group LLC grew its position in shares of Stereotaxis by 26.9% during the 3rd quarter. Jane Street Group LLC now owns 29,773 shares of the company’s stock worth $61,000 after buying an additional 6,313 shares during the period. Rhumbline Advisers increased its stake in shares of Stereotaxis by 645.6% in the 2nd quarter. Rhumbline Advisers now owns 48,251 shares of the company’s stock valued at $88,000 after acquiring an additional 41,780 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Stereotaxis by 449.9% during the 3rd quarter. Barclays PLC now owns 101,953 shares of the company’s stock valued at $208,000 after acquiring an additional 83,412 shares during the period. Institutional investors own 45.35% of the company’s stock.

Stereotaxis Stock Up 6.8 %

Shares of STXS opened at $2.34 on Friday. Stereotaxis has a 1 year low of $1.63 and a 1 year high of $3.29.

Stereotaxis (NYSEAMERICAN:STXSGet Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $9.20 million for the quarter, compared to the consensus estimate of $6.80 million. Stereotaxis had a negative return on equity of 162.54% and a negative net margin of 85.79%. As a group, sell-side analysts forecast that Stereotaxis will post -0.26 EPS for the current year.

Stereotaxis Company Profile

(Get Free Report)

Stereotaxis, Inc designs, manufactures, and markets robotic systems, instruments, and information systems for the interventional laboratory in the United States and internationally. Its robotic magnetic navigation (RMN) systems include the Genesis RMN and Niobe systems, which enable physicians to complete complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites.

Further Reading

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