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ISpecimen Inc. (NASDAQ:ISPC) Short Interest Update

Financial News Live ·  Jan 22, 2023 17:21

iSpecimen Inc. (NASDAQ:ISPC – Get Rating) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 165,800 shares, an increase of 11.1% from the December 15th total of 149,300 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is currently 6.5 days. Approximately 3.5% of the shares of the company are sold short.

iSpecimen Stock Performance

Shares of NASDAQ:ISPC remained flat at $1.63 during trading on Friday. The stock had a trading volume of 12,701 shares, compared to its average volume of 19,421. The business's 50 day moving average price is $1.47 and its 200 day moving average price is $1.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 8.55 and a current ratio of 8.55. iSpecimen has a 1 year low of $1.17 and a 1 year high of $5.70.

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iSpecimen (NASDAQ:ISPC – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported ($0.35) earnings per share for the quarter. iSpecimen had a negative net margin of 101.49% and a negative return on equity of 38.56%. The company had revenue of $2.58 million for the quarter.

Analysts Set New Price Targets

Separately, Craig Hallum cut their target price on iSpecimen to $11.00 in a research report on Tuesday, November 15th.

Institutional Trading of iSpecimen

Several institutional investors and hedge funds have recently modified their holdings of ISPC. Jane Street Group LLC bought a new stake in shares of iSpecimen during the 1st quarter worth $56,000. Grimes & Company Inc. lifted its position in shares of iSpecimen by 78.3% during the 2nd quarter. Grimes & Company Inc. now owns 62,014 shares of the company's stock worth $135,000 after buying an additional 27,243 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of iSpecimen by 166.3% during the 3rd quarter. Vanguard Group Inc. now owns 163,703 shares of the company's stock worth $270,000 after buying an additional 102,241 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of iSpecimen by 903.6% during the 1st quarter. BlackRock Inc. now owns 71,175 shares of the company's stock worth $382,000 after buying an additional 64,083 shares during the last quarter. 11.61% of the stock is currently owned by institutional investors.

iSpecimen Company Profile

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iSpecimen Inc provides technology that connects life science researchers who need human biofluids, tissues, and living cells for their research with biospecimens available in healthcare provider organizations worldwide. Its cloud-based technology enables scientists to search for specimens and patients across a network of hospitals, labs, biobanks, blood centers, and other healthcare organizations.

Further Reading

  • Get a free copy of the StockNews.com research report on iSpecimen (ISPC)
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