Milestone Scientific Inc. (NYSEAMERICAN:MLSS) Sees Large Decline in Short Interest

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Milestone Scientific Inc. (NYSEAMERICAN:MLSS) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 309,400 shares, a drop of 17.0% from the June 30th total of 372,900 shares. Based on an average daily volume of 373,800 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.3% of the shares of the stock are sold short.

Milestone Scientific stock opened at $0.56 on Thursday. Milestone Scientific has a 52 week low of $0.26 and a 52 week high of $1.09.

Milestone Scientific (NYSEAMERICAN:MLSS) last posted its quarterly earnings data on Tuesday, May 14th. The medical instruments supplier reported ($0.02) EPS for the quarter. The company had revenue of $1.92 million during the quarter.

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its holdings in Milestone Scientific by 36.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 95,122 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 25,310 shares during the period. Vanguard Group Inc. grew its holdings in Milestone Scientific by 36.4% in the 2nd quarter. Vanguard Group Inc. now owns 134,487 shares of the medical instruments supplier’s stock valued at $48,000 after buying an additional 35,886 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Milestone Scientific in the 1st quarter valued at about $39,000.

Milestone Scientific Company Profile

Milestone Scientific, Inc develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates through dental and medical segments. Its products include CompuDent System used to control the flow rate of the anesthesia during the injection that allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns; and CompuFlo, a computer-controlled drug delivery system for the painless delivery of drugs, anesthetics, and other medicaments, as well as for the aspiration of bodily fluids or previously injected substances.

See Also: G-20

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