Company shares are trading at $1.88 a great deal higher than the 50 day moving average of $1.56 and quite a bit higher than the 200 day moving average of $1.64. The 50 day moving average was up $0.32 or +20.30% and the 200 day average went up $0.24 or +14.85%. Trading volume for Skyline Medical Inc. was 88K on Tuesday. Trading volume was down 60.19% under the stocks average daily volume.
Investors are feeling more bullish on Skyline Medical Inc. lately as inferred by the motion in short interest. The firm had a fall in short interest of -9.60% as of the latest report on October 13, 2017. Short interest fell 71,108 over that period. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares is 0.11% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Citadel Advisors LLC had acquired 2,035 shares growing its holdings by 6.6%. The value of the total investment in Skyline Medical Inc. increased from $5,000 to $48,000 a change of 860.0% quarter over quarter.
Skyline Medical Inc., launched on April 23, 2002, is a medical device company that develops and manufactures The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Company distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Company also manufactures and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis..