Retractable Technologies, Inc. (NYSEAMERICAN:RVP) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 68,900 shares, a decline of 33.1% from the August 30th total of 103,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 99,000 shares, the days-to-cover ratio is presently 0.7 days.
Shares of NYSEAMERICAN RVP opened at $1.04 on Friday. Retractable Technologies has a 1-year low of $0.54 and a 1-year high of $1.34.
Retractable Technologies (NYSEAMERICAN:RVP) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $9.60 million for the quarter.
A hedge fund recently raised its stake in Retractable Technologies stock. Renaissance Technologies LLC boosted its stake in shares of Retractable Technologies, Inc. (NYSEAMERICAN:RVP) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 805,038 shares of the company’s stock after purchasing an additional 77,111 shares during the quarter. Renaissance Technologies LLC owned approximately 2.46% of Retractable Technologies worth $583,000 as of its most recent SEC filing.
About Retractable Technologies
Retractable Technologies, Inc designs, develops, manufactures, and markets safety medical products for the healthcare industry in the United States and internationally. It principally offers VanishPoint safety products comprising tuberculin, insulin, and allergy antigen syringes; autodisable syringes; IV catheters; blood collection tube holders; and blood collection sets, as well as Patient Safe products, including syringes and Luer caps.
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