Short Interest in iSpecimen Inc. (NASDAQ:ISPC) Increases By 302.4%

by · The Cerbat Gem

iSpecimen Inc. (NASDAQ:ISPC – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 119,100 shares, an increase of 302.4% from the February 13th total of 29,600 shares. Based on an average daily trading volume, of 890,700 shares, the short-interest ratio is currently 0.1 days. Currently, 14.5% of the shares of the company are short sold.

Hedge Funds Weigh In On iSpecimen

An institutional investor recently bought a new position in iSpecimen stock. Bridgeway Capital Management LLC purchased a new position in iSpecimen Inc. (NASDAQ:ISPC – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,800 shares of the company’s stock, valued at approximately $58,000. Bridgeway Capital Management LLC owned about 2.27% of iSpecimen at the end of the most recent reporting period. 13.62% of the stock is currently owned by institutional investors.

iSpecimen Stock Performance

Shares of ISPC stock traded up $0.07 on Friday, reaching $1.34. The stock had a trading volume of 26,641 shares, compared to its average volume of 1,012,422. The stock has a market cap of $1.29 million, a P/E ratio of -0.07 and a beta of 1.65. iSpecimen has a 1 year low of $1.24 and a 1 year high of $11.80. The company has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $3.06.

iSpecimen Company Profile

(Get Free Report)

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, clinics, private practice groups, laboratories, blood centers, biobanks, clinical research sites, and cadaveric donation centers.

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