NewGenIvf Group Limited (NASDAQ:NIVF) Sees Significant Increase in Short Interest

NewGenIvf Group Limited (NASDAQ:NIVF) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 184,500 shares, a growth of 57.7% from the February 13th total of 117,000 shares. Currently, 79.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is presently 0.2 days.

NewGenIvf Group Price Performance

NIVF traded up $0.01 on Friday, hitting $1.07. 259,248 shares of the company were exchanged, compared to its average volume of 470,824. NewGenIvf Group has a 12 month low of $0.94 and a 12 month high of $65.60. The firm has a fifty day simple moving average of $3.67 and a two-hundred day simple moving average of $9.63.

Hedge Funds Weigh In On NewGenIvf Group

A hedge fund recently raised its stake in NewGenIvf Group stock. XTX Topco Ltd increased its position in NewGenIvf Group Limited (NASDAQ:NIVF) by 400.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,801 shares of the company’s stock after purchasing an additional 59,059 shares during the period. XTX Topco Ltd owned 0.73% of NewGenIvf Group worth $30,000 at the end of the most recent reporting period. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

About NewGenIvf Group

NewGenIVF Group Ltd. operates as an assisted reproductive services provider. It focuses on providing fertility treatments to fulfil the dreams of building families. The firm offers in-vitro fertilization treatment service, comprising traditional IVF and egg donation, and surrogacy and ancillary caring services.