NewGenIvf Group Limited (NASDAQ:NIVF) Short Interest Up 588.2% in February

NewGenIvf Group Limited (NASDAQ:NIVF) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 117,000 shares, an increase of 588.2% from the January 31st total of 17,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.4% of the company’s shares are short sold.

NewGenIvf Group Stock Performance

NIVF opened at $2.41 on Friday. The stock’s fifty day moving average is $5.06 and its two-hundred day moving average is $10.96. NewGenIvf Group has a 52 week low of $1.85 and a 52 week high of $344.80.

Hedge Funds Weigh In On NewGenIvf Group

An institutional investor recently raised its position in NewGenIvf Group stock. XTX Topco Ltd lifted its stake in NewGenIvf Group Limited (NASDAQ:NIVF) by 400.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,801 shares of the company’s stock after acquiring 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 quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

NewGenIvf Group Company Profile

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.