Rockwell Medical, Inc. (NASDAQ:RMTI – Get Free Report) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, an increase of 25.3% from the October 31st total of 893,900 shares. Based on an average trading volume of 797,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.0% of the company’s stock are short sold.
Analyst Ratings Changes
Several research firms have weighed in on RMTI. Rodman & Renshaw began coverage on Rockwell Medical in a research note on Thursday, November 14th. They set a “buy” rating and a $5.00 target price on the stock. HC Wainwright lowered their target price on Rockwell Medical from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, November 25th. StockNews.com cut Rockwell Medical from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, RODMAN&RENSHAW raised Rockwell Medical to a “strong-buy” rating in a research note on Thursday, November 14th.
View Our Latest Stock Report on RMTI
Institutional Investors Weigh In On Rockwell Medical
Rockwell Medical Stock Up 3.2 %
Shares of Rockwell Medical stock opened at $2.29 on Monday. The firm has a market cap of $74.01 million, a price-to-earnings ratio of -45.80 and a beta of 1.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.41 and a quick ratio of 2.00. Rockwell Medical has a 52-week low of $1.16 and a 52-week high of $5.15. The stock has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $2.67.
Rockwell Medical Company Profile
Rockwell Medical, Inc, together with its subsidiaries, operates as a healthcare company that engages in the development, manufacture, commercialization, and distribution of various hemodialysis products for dialysis providers worldwide. The company offers Triferic Dialysate and Triferic AVNU which are indicated to maintain hemoglobin in adult undergoing hemodialysis.
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