CollPlant Biotechnologies Ltd. (NASDAQ:CLGN – Get Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 127,700 shares, a growth of 24.8% from the March 15th total of 102,300 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 51,000 shares, the short-interest ratio is currently 2.5 days.
Separately, Zacks Investment Research cut shares of CollPlant Biotechnologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12th.
Shares of NASDAQ CLGN opened at $9.74 on Tuesday. CollPlant Biotechnologies has a 52 week low of $8.60 and a 52 week high of $23.49. The firm has a 50-day moving average price of $10.63 and a 200 day moving average price of $14.02. The stock has a market capitalization of $55.23 million and a price-to-earnings ratio of -973.03.
A number of institutional investors have recently added to or reduced their stakes in CLGN. Renaissance Technologies LLC purchased a new stake in CollPlant Biotechnologies in the third quarter valued at approximately $169,000. Susquehanna International Group LLP acquired a new position in CollPlant Biotechnologies during the fourth quarter valued at approximately $173,000. LPL Financial LLC acquired a new position in CollPlant Biotechnologies during the fourth quarter valued at approximately $242,000. Citadel Advisors LLC acquired a new position in CollPlant Biotechnologies during the second quarter valued at approximately $276,000. Finally, Kingsview Wealth Management LLC acquired a new position in CollPlant Biotechnologies during the fourth quarter valued at approximately $301,000.
About CollPlant Biotechnologies (Get Rating)
CollPlant Biotechnologies Ltd., a regenerative and aesthetic medicine company, focuses on three-dimensional (3D) bioprinting of tissues and organs, and medical aesthetics in the United States, Canada, and Europe. Its products are based on recombinant type I human collagen that is produced with its proprietary plant based genetic engineering technology.
- Get a free copy of the StockNews.com research report on CollPlant Biotechnologies (CLGN)
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