OncoCyte Co. (NYSEAMERICAN:OCX) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 330,835 shares, a growth of 58.5% from the November 15th total of 208,771 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 39,702 shares, the short-interest ratio is currently 8.3 days.
A number of equities analysts recently commented on OCX shares. ValuEngine upgraded OncoCyte from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut OncoCyte from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.
An institutional investor recently raised its position in OncoCyte stock. Broadwood Capital Inc. raised its position in shares of OncoCyte Co. (NYSEAMERICAN:OCX) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,596,680 shares of the biotechnology company’s stock after acquiring an additional 540,000 shares during the period. OncoCyte makes up approximately 4.5% of Broadwood Capital Inc.’s investment portfolio, making the stock its 5th largest position. Broadwood Capital Inc. owned about 11.48% of OncoCyte worth $27,155,000 at the end of the most recent reporting period.
OncoCyte (NYSEAMERICAN:OCX) opened at $6.00 on Thursday. OncoCyte has a 1-year low of $3.60 and a 1-year high of $7.95.
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OncoCyte Company Profile
OncoCyte Corporation is a development-stage biotechnology company focused in the field of regenerative medicine. The Company is developing molecular cancer diagnostics utilizing a discovery platform that focuses on identifying genetic markers expressed in various types of cancer. It operates through the research and development of diagnostic tests for the detection of cancer segment.
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