Quidel Corporation (QDEL) has 4,022,442 shares of shorts outstanding as on August 15, 2016, with 33 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,283,602 shares. The stock has a decent trading volume of 121,489 shares daily. The marginal decrease in the short positions is by -6.1%, which amounts to -261,160 shares. Short positions are 15.1% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Quidel Corporation (NASDAQ:QDEL): The stock opened at $21.49 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.93 for the day. The stock traded down to $19.64 during the day, due to lack of any buying support eventually closed down at $21.53 with a loss of -0.09% for the day. The stock had closed at $21.55 on the previous day. The total traded volume was 105,063 shares.
In a related news,The officer (SVP, Bus Dev & Gen Counsel) of Quidel Corp /De/, Bujarski Robert Joseph sold 22,057 shares at $22.93 on August 5, 2016. The Insider selling transaction had a total value worth of $505,767. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions primarily include applications in infectious diseases, womens health and gastrointestinal diseases. The Company sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics and wellness screening centers. It markets its products in the United States through a network of national and regional distributors, and a direct sales force. Internationally, it sells and markets primarily through distributor arrangements. Its diagnostic solutions are used in the detection and diagnosis of many critical diseases and other medical conditions, including infectious diseases, womens health, autoimmune diseases, bone health, thyroid diseases and fecal occult blood.