Could Avanos Medical Inc (NYSE:AVNS) Go Down After Its Newest Short Interest Report?

October 2, 2018 - By Michael Collier

The stock of Avanos Medical Inc (NYSE:AVNS) registered a decrease of 4.64% in short interest. AVNS’s total short interest was 2.62 million shares in October as published by FINRA. Its down 4.64% from 2.75 million shares, reported previously. With 337,500 shares average volume, it will take short sellers 8 days to cover their AVNS’s short positions. The short interest to Avanos Medical Inc’s float is 5.6%.

The stock decreased 0.94% or $0.63 during the last trading session, reaching $66.04. About 157,717 shares traded. Avanos Medical, Inc. (NYSE:AVNS) has risen 53.46% since October 2, 2017 and is uptrending. It has outperformed by 37.84% the S&P500.

Avanos Medical, Inc. operates as a medical technology firm that focuses on eliminating pain, speeding recovery, and preventing infection for healthcare providers and patients worldwide. The company has market cap of $3.12 billion. The Company’s Medical Devices segment provides a portfolio of products that focuses on respiratory and digestive health, along with surgical and interventional pain management. It has a 29.61 P/E ratio. The Company’s products include post-operative pain management solutions, minimally invasive interventional pain therapies, closed airway suction systems, and enteral feeding tubes.

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