Short Interest Update on DexCom (DXCM)

DexCom (DXCM) : The short interest in DexCom (DXCM) has increased from 4,064,053 to 4,122,465 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 866,149 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 5% of the total shares in the hands of the public. The shorts in the stock have gone up by 58,412 shares, which is an increase of 1.4% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

DexCom (NASDAQ:DXCM): The stock opened at $91.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $93.87 for the day. The stock traded down to $90.24 during the day, due to lack of any buying support eventually closed down at $90.35 with a loss of -1.89% for the day. The stock had closed at $92.09 on the previous day. The total traded volume was 797,856 shares.


In a related news, Sayer Kevin R, director officer (President & CEO) of Dexcom Inc, unloaded 7,000 shares at an average price of $90.78 on August 15, 2016. The total amount of the transaction was worth $635,460, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Dexcom, Inc. (Dexcom) is a medical device company. The Company is focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers for the treatment of people with and without diabetes. Its products consist of DexCom G4, DexCom G4 PLATINUM and DexCom Share System. The DexCom G4 PLATINUM with Share uses a wireless connection between a patients receiver and an application on the patients iPhone to transmit glucose information to applications on the mobile devices of up to five designated recipients or followers, who can remotely monitor a patients glucose information and receive alert notifications anywhere they have an Internet connection. SweetSpots data transfer service is a Medical Device Data System (MDDS) and allows researchers to control the transfer of data from certain diabetes devices to research tools and databases according to their own research workflows.

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