What Next for Fonar Corporation (NASDAQ:FONR) Stock After Increase in Shorted Shares?

Investors sentiment is 1.57 in 2018 Q2. Its the same as in 2018Q1. It has no change, as 1 investors sold FONAR Corporation shares while 20 reduced holdings. only 13 funds opened positions while 20 raised stakes. 3.14 million shares or 3.12% more from 3.04 million shares in 2018Q1 were reported.
Tci Wealth owns 42 shares. New York-based Blackrock Inc has invested 0% in FONAR Corporation (NASDAQ:FONR). Morgan Stanley, New York-based fund reported 17,966 shares. Hikari Tsushin invested in 0.1% or 14,158 shares. Moreover, Amer International Inc has 0% invested in FONAR Corporation (NASDAQ:FONR). Geode Mngmt Limited Liability has invested 0% in FONAR Corporation (NASDAQ:FONR). Royal Commercial Bank Of Canada holds 871 shares. Acadian Asset Management Ltd Liability Com owns 30,246 shares for 0% of their portfolio. Moreover, Matarin Cap Mgmt Ltd Liability Corporation has 0% invested in FONAR Corporation (NASDAQ:FONR) for 50,924 shares. Seizert Capital Prtn Ltd Liability has 0.02% invested in FONAR Corporation (NASDAQ:FONR). Manufacturers Life Insurance Com The holds 1,585 shares. California State Teachers Retirement Sys invested in 9,425 shares. Mackay Shields Limited Liability reported 21,000 shares or 0% of all its holdings. Bridgeway Mngmt Incorporated has 53,800 shares. State Common Retirement Fund holds 0% of its portfolio in FONAR Corporation (NASDAQ:FONR) for 24,722 shares.

Since June 20, 2018, it had 0 insider buys, and 6 insider sales for $216,998 activity.

The stock of Fonar Corporation (NASDAQ:FONR) registered an increase of 0.96% in short interest. FONR’s total short interest was 73,500 shares in December as published by FINRA. Its up 0.96% from 72,800 shares, reported previously. With 17,900 shares average volume, it will take short sellers 4 days to cover their FONR’s short positions. The short interest to Fonar Corporation’s float is 1.3%.

The stock decreased 1.76% or $0.38 during the last trading session, reaching $21.18. About 13,688 shares traded. FONAR Corporation (NASDAQ:FONR) has declined 14.51% since December 8, 2017 and is downtrending. It has underperformed by 30.13% the S&P500.

Fonar Corporation, together with its subsidiaries, engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases, abnormalities, and other medical conditions and injuries. The company has market cap of $137.36 million. It operates in two divisions, Medical Equipment, and Physician Management and Diagnostic Services. It has a 6.92 P/E ratio. The firm offers Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down.

More notable recent FONAR Corporation (NASDAQ:FONR) news were published by: Seekingalpha.com which released: “Valuations Getting Big? Look At Small Caps In 2018 – Seeking Alpha” on January 04, 2018, also Seekingalpha.com with their article: “Fonar Corporation: What Investors Can Expect Going Forward – Seeking Alpha” published on March 31, 2018, Streetinsider.com published: “Form N-PX RYDEX DYNAMIC FUNDS For: Jun 30 – StreetInsider.com” on August 06, 2018. More interesting news about FONAR Corporation (NASDAQ:FONR) were released by: Seekingalpha.com and their article: “Fonar: A Micro-Cap With 40% Upside – Seeking Alpha” published on March 18, 2015 as well as Globenewswire.com‘s news article titled: “FONAR Announces First Quarter Earnings of Fiscal 2018 – GlobeNewswire” with publication date: November 09, 2017.

FONAR Corporation (NASDAQ:FONR) Institutional Positions Chart

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