Could Avinger Incorporated (NASDAQ:AVGR) Change Direction After More Shorts?

December 7, 2017 - By Vivian Currie

 Could Avinger Incorporated (NASDAQ:AVGR) Change Direction After More Shorts?

The stock of Avinger Incorporated (NASDAQ:AVGR) registered an increase of 23.36% in short interest. AVGR’s total short interest was 1.82M shares in December as published by FINRA. Its up 23.36% from 1.48 million shares, reported previously. With 1.07 million shares average volume, it will take short sellers 2 days to cover their AVGR’s short positions. The short interest to Avinger Incorporated’s float is 8.71%.

The stock increased 17.87% or $0.0394 during the last trading session, reaching $0.2599. About 3.65 million shares traded or 86.46% up from the average. Avinger, Inc. (NASDAQ:AVGR) has declined 96.51% since December 7, 2016 and is downtrending. It has underperformed by 113.21% the S&P500.

Avinger, Inc., a commercial-stage medical device company, designs, makes, and sells image-guided and catheter systems used by physicians to treat patients with peripheral arterial disease in the United States and Europe. The company has market cap of $8.20 million. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures. It currently has negative earnings. The companyÂ’s lumivascular products comprise Lightbox imaging consoles, as well as the Ocelot family of catheters, which are designed to penetrate a total blockage in an artery; and Pantheris, an image-guided atherectomy device that allows physicians to precisely remove arterial plaque in PAD patients.

Avinger, Inc. (NASDAQ:AVGR) Ratings Coverage

Among 3 analysts covering Avinger (NASDAQ:AVGR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Avinger had 3 analyst reports since December 29, 2015 according to SRatingsIntel. The stock of Avinger, Inc. (NASDAQ:AVGR) earned “Perform” rating by Oppenheimer on Wednesday, April 12. The firm has “Hold” rating given on Tuesday, April 11 by Canaccord Genuity. The firm has “Neutral” rating given on Tuesday, December 29 by Dougherty & Company.

Another recent and important Avinger, Inc. (NASDAQ:AVGR) news was published by Globenewswire.com which published an article titled: “Avinger Announces Third Quarter 2017 Results” on November 09, 2017.

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