Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) Sees Significant Increase in Short Interest

Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) was the target of a large growth in short interest in July. As of July 14th, there was short interest totalling 1,973,961 shares, a growth of 46.2% from the June 30th total of 1,350,336 shares. Currently, 10.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,029,433 shares, the short-interest ratio is currently 1.0 days.

An institutional investor recently bought a new position in Interpace Diagnostics Group stock. Susquehanna International Group LLP bought a new stake in shares of Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 718,076 shares of the business services provider’s stock, valued at approximately $646,000. Susquehanna International Group LLP owned 3.84% of Interpace Diagnostics Group as of its most recent SEC filing. Hedge funds and other institutional investors own 1.83% of the company’s stock.

Separately, Maxim Group initiated coverage on shares of Interpace Diagnostics Group in a research note on Tuesday. They issued a “buy” rating and a $5.00 price objective for the company.

Shares of Interpace Diagnostics Group (IDXG) opened at 1.23 on Friday. Interpace Diagnostics Group has a 12-month low of $0.70 and a 12-month high of $19.80. The company’s market cap is $27.26 million. The stock has a 50 day moving average of $0.94 and a 200 day moving average of $1.97.

Interpace Diagnostics Group (NASDAQ:IDXG) last issued its quarterly earnings results on Thursday, August 10th. The business services provider reported ($0.65) earnings per share (EPS) for the quarter. The business had revenue of $3.86 million for the quarter. Interpace Diagnostics Group had a negative return on equity of 32.14% and a negative net margin of 37.14%.

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Interpace Diagnostics Group Company Profile

Interpace Diagnostics Group, Inc, formerly PDI, Inc, is focused on developing and commercializing molecular diagnostic tests principally focused on early detection of high potential progressors to cancer and leveraging the latest technology and personalized medicine for patient diagnosis and management.

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