Soliton Inc (NASDAQ:SOLY) Short Interest Down 32.9% in June

Soliton Inc (NASDAQ:SOLY) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 272,400 shares, a decrease of 32.9% from the May 30th total of 405,700 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is currently 0.2 days.

An institutional investor recently bought a new position in Soliton stock. National Asset Management Inc. acquired a new stake in Soliton Inc (NASDAQ:SOLY) in the first quarter, according to its most recent filing with the SEC. The fund acquired 20,000 shares of the company’s stock, valued at approximately $162,000. National Asset Management Inc. owned approximately 0.14% of Soliton at the end of the most recent quarter. 0.91% of the stock is owned by institutional investors.

SOLY traded down $2.30 during midday trading on Friday, reaching $18.92. The company’s stock had a trading volume of 89,348 shares, compared to its average volume of 1,354,630. The firm has a fifty day simple moving average of $14.86. Soliton has a twelve month low of $4.12 and a twelve month high of $29.00.

Soliton Company Profile

Soliton, Inc, an early stage medical device company, focuses on developing and commercializing products using a proprietary rapid acoustic pulse technology platform. It offers a device for the removal of tattoos. The company was founded in 2012 and is headquartered in Houston, Texas.

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