Utah Medical Products, Inc. (NASDAQ:UTMD – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 59,800 shares, a drop of 16.0% from the June 30th total of 71,200 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 18,500 shares, the short-interest ratio is presently 3.2 days.
Institutional Trading of Utah Medical Products
Hedge funds have recently added to or reduced their stakes in the business. Northwest Financial Advisors bought a new position in shares of Utah Medical Products in the fourth quarter worth $25,000. Allspring Global Investments Holdings LLC bought a new position in Utah Medical Products in the 2nd quarter valued at about $83,000. EntryPoint Capital LLC increased its stake in Utah Medical Products by 124.1% during the 1st quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock valued at $230,000 after buying an additional 1,794 shares during the period. BNP Paribas Financial Markets increased its stake in Utah Medical Products by 101.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,766 shares of the medical instruments supplier’s stock valued at $317,000 after buying an additional 1,899 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Utah Medical Products during the 1st quarter worth about $317,000. Institutional investors own 69.60% of the company’s stock.
Utah Medical Products Stock Down 1.0 %
Utah Medical Products stock opened at $68.77 on Tuesday. Utah Medical Products has a 52-week low of $65.62 and a 52-week high of $98.96. The firm has a market capitalization of $242.76 million, a price-to-earnings ratio of 15.28 and a beta of 0.06. The firm has a 50-day moving average price of $68.17 and a two-hundred day moving average price of $70.55.
Utah Medical Products Dividend Announcement
About Utah Medical Products
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.
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