Short Interest in Daxor Co. (NASDAQ:DXR) Expands By 144.3%

Daxor Co. (NASDAQ:DXR) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 14,900 shares, an increase of 144.3% from the November 15th total of 6,100 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets boosted their price objective on Daxor from $24.50 to $24.75 and gave the stock a “buy” rating in a research report on Monday, September 9th.

Daxor Stock Up 0.1 %

DXR traded up $0.01 on Wednesday, hitting $8.92. The company’s stock had a trading volume of 2,325 shares, compared to its average volume of 7,524. Daxor has a 12 month low of $7.16 and a 12 month high of $10.04. The company’s 50 day simple moving average is $9.06 and its 200-day simple moving average is $8.98.

Hedge Funds Weigh In On Daxor

A hedge fund recently raised its stake in Daxor stock. Keyes Stange & Wooten Wealth Management LLC increased its position in shares of Daxor Co. (NASDAQ:DXR) by 34.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,612 shares of the company’s stock after acquiring an additional 3,771 shares during the period. Keyes Stange & Wooten Wealth Management LLC owned approximately 0.30% of Daxor worth $126,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.34% of the company’s stock.

About Daxor

Daxor Corporation, a medical device company, provides blood volume measurement technology focused on blood volume testing. The company develops and markets BVA-100 Blood Volume Analyzer, a diagnostic blood test to provide safe, accurate, objective quantification of blood volume status and composition compared to patient-specific norms for used in a broad range of medical and surgical conditions.