Retractable Technologies Inc (RVP)

[JJSeabrook]

Retractable Technologies Incorporated (NYSEMKT:RVP) Sellers Increased By 36.36% Their Shorts
Passive and Active Investment NewsFebruary 17, 2016 By Patrick Sproles A+ A- EmailEmail PrintPrint The stock of Retractable Technologies Incorporated (NYSEMKT:RVP) registered an increase of 36.36% in short interest. RVP’s total short interest was 22,500 shares in February as published by FINRA. Its up 36.36% from 16,500 shares, reported previously. With 9,300 shares average volume, it will take short sellers 2 days to cover their RVP’s short positions. The short interest to Retractable Technologies Incorporated’s float is 0.22%. The stock is 0.00% or $0 after the news, hitting $2.8 per share. It is down 26.12% since July 13, 2015 and is downtrending. It has underperformed by 16.40% the S&P500.
Retractable Technologies, Inc. designs, develops, makes and safety syringes and other safety medical products for the healthcare industry. The company has a market cap of $79.23 million. The Firm markets VanishPoint and PatientSafe products. It has 16.61 P/E ratio. VanishPoint products are designed to prevent needle stick injuries.
The institutional sentiment decreased to 0.4 in Q3 2015. Its down 0.24, from 0.64 in 2015Q2. The ratio is negative, as 3 funds sold all Retractable Technologies, Inc. shares owned while 7 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 1.32 million shares or 21.40% less from 1.68 million shares in 2015Q2.
Wealthtrust Axiom Llc holds 0.54% of its portfolio in Retractable Technologies, Inc. for 360,174 shares. Eam Investors Llc owns 331,286 shares or 0.19% of their US portfolio. Moreover, Cannell Capital Llc has 0.15% invested in the company for 113,101 shares. The Us-based Ancora Advisors Llc has invested 0.03% in the stock. Whitebox Advisors Llc, a Minnesota-based fund reported 179,401 shares.