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Short Interest in Milestone Scientific Inc. (NYSE:MLSS) Grows By 42.5%

Milestone Scientific logo with Medical background

Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 154,000 shares, an increase of 42.5% from the May 15th total of 108,100 shares. Based on an average daily trading volume, of 67,100 shares, the short-interest ratio is currently 2.3 days. Approximately 0.3% of the shares of the stock are short sold.

Milestone Scientific Stock Performance

MLSS stock traded up $0.01 during midday trading on Thursday, reaching $0.88. 30,793 shares of the company traded hands, compared to its average volume of 127,012. Milestone Scientific has a 52-week low of $0.58 and a 52-week high of $1.39. The business has a 50 day moving average of $0.94 and a 200-day moving average of $1.00. The firm has a market capitalization of $69.02 million, a price-to-earnings ratio of -12.56 and a beta of 0.90.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Milestone Scientific in a research note on Sunday, May 18th. They set a "hold" rating for the company.

View Our Latest Research Report on Milestone Scientific

Insider Activity at Milestone Scientific

In related news, major shareholder S.R.L. Bp4 sold 60,200 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $0.90, for a total transaction of $54,180.00. Following the completion of the transaction, the insider now directly owns 9,531,402 shares of the company's stock, valued at approximately $8,578,261.80. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 128,469 shares of company stock valued at $116,948. Insiders own 24.75% of the company's stock.

Institutional Investors Weigh In On Milestone Scientific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLSS. Renaissance Technologies LLC raised its position in Milestone Scientific by 72.8% during the fourth quarter. Renaissance Technologies LLC now owns 126,275 shares of the company's stock valued at $121,000 after purchasing an additional 53,198 shares during the period. Brookwood Investment Group LLC purchased a new stake in Milestone Scientific during the first quarter valued at approximately $46,000. Finally, XTX Topco Ltd raised its position in Milestone Scientific by 99.2% during the first quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock valued at $32,000 after purchasing an additional 17,002 shares during the period. 5.79% of the stock is currently owned by hedge funds and other institutional investors.

Milestone Scientific Company Profile

(Get Free Report)

Milestone Scientific Inc, a biomedical technology research and development company, patents, designs, develops, and commercializes diagnostic and therapeutic injection technologies, and devices for medical, dental, and cosmetic use in the United States, China, and internationally. The company operates through Dental and Medical segments.

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