Short Interest in OncoCyte Co. (OCX) Rises By 47.1%

OncoCyte Co. (NYSEAMERICAN:OCX) saw a large growth in short interest in December. As of December 29th, there was short interest totalling 477,222 shares, a growth of 47.1% from the December 15th total of 324,331 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily volume of 43,784 shares, the short-interest ratio is currently 10.9 days.

OncoCyte (OCX) opened at $4.20 on Friday. OncoCyte has a twelve month low of $3.60 and a twelve month high of $7.85. The company has a market capitalization of $131.99 and a PE ratio of -6.77.

OncoCyte (NYSEAMERICAN:OCX) last announced its earnings results on Tuesday, November 14th. The biotechnology company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01.

An institutional investor recently raised its position in OncoCyte stock. Broadwood Capital Inc. grew its stake in OncoCyte Co. (NYSEAMERICAN:OCX) by 17.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,596,680 shares of the biotechnology company’s stock after buying an additional 540,000 shares during the quarter. OncoCyte accounts for approximately 4.5% of Broadwood Capital Inc.’s portfolio, making the stock its 5th biggest position. Broadwood Capital Inc. owned approximately 11.48% of OncoCyte worth $27,155,000 at the end of the most recent reporting period.

OCX has been the topic of a number of research reports. ValuEngine lowered OncoCyte from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Zacks Investment Research downgraded OncoCyte from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th.

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OncoCyte Company Profile

OncoCyte Corporation is a development-stage biotechnology company focused in the field of regenerative medicine. The Company is developing molecular cancer diagnostics utilizing a discovery platform that focuses on identifying genetic markers expressed in various types of cancer. It operates through the research and development of diagnostic tests for the detection of cancer segment.

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