Carmell Co. (NASDAQ:CTCX) Short Interest Up 29.1% in October

Carmell Co. (NASDAQ:CTCX) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 505,100 shares, an increase of 29.1% from the October 15th total of 391,200 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average trading volume of 4,600,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Carmell

An institutional investor recently bought a new position in Carmell stock. Warberg Asset Management LLC acquired a new stake in Carmell Co. (NASDAQ:CTCX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,000 shares of the company’s stock, valued at approximately $60,000. Warberg Asset Management LLC owned 0.22% of Carmell at the end of the most recent reporting period. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

Carmell Price Performance

NASDAQ CTCX opened at $0.23 on Friday. Carmell has a twelve month low of $0.20 and a twelve month high of $4.31. The company’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $1.14.

Carmell (NASDAQ:CTCX) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.01 million for the quarter.

Carmell Company Profile

Carmell Corporation operates as a bio-aesthetics company. The company utilizes Carmell Secretome to support skin and hair health. Its Carmell Secretome consists of growth factors and proteins extracted from allogeneic human platelets sourced from tissue banks. The company also developed a microemulsion formulation that enables delivery of lipophilic and hydrophilic ingredients without relying on the Foul Fourteen, 14 potentially harmful excipients that are commonly used by other companies to impart texture, stability, and other desirable physicochemical attributes to cosmetic products.