Check-cap LTD. – Ordinary Share (NASDAQ:CHEK) Has Increase in Shorts

April 20, 2018 - By Adrian Erickson

Check-Cap Ltd. (NASDAQ:CHEK) Logo

The stock of Check-cap LTD. – Ordinary Share (NASDAQ:CHEK) registered an increase of 80.91% in short interest. CHEK’s total short interest was 613,100 shares in April as published by FINRA. Its up 80.91% from 338,900 shares, reported previously. With 282,500 shares average volume, it will take short sellers 2 days to cover their CHEK’s short positions. The short interest to Check-cap LTD. – Ordinary Share’s float is 7.06%.

The stock increased 1.25% or $0.05 during the last trading session, reaching $4.05. About 16,102 shares traded. Check-Cap Ltd. (NASDAQ:CHEK) has declined 76.56% since April 20, 2017 and is downtrending. It has underperformed by 88.11% the S&P500.

Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of an ingestible imaging capsule that utilizes low-dose X-rays for screening of the colon to detect polyps, masses, and colorectal cancers. The company has market cap of $6.52 million. The Company’s C-Scan system consists of C-Scan Cap, an X-ray scanning capsule, which is designed to measure, collect, and transmit structural information; C-Scan Track, a biocompatible unit that is designed to track the capsule and record imaging and positioning data; and C-Scan View, a personal computer software package, which is designed to retrieve and process clinical data from the C-Scan Track, and to reconstruct and produce 3D visualization of the colon's inner surface. It currently has negative earnings.

Check-Cap Ltd. (NASDAQ:CHEK) Ratings Chart

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