RTI Surgical (RTIX) : The traders have covered their outstanding shorts in RTI Surgical (RTIX) to the tune of -3,581 shares, a change of -0.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,436,328 shares, however, by August 15, 2016, the shorts had reduced to 1,432,747 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.7% of the free float of the stock. It takes 10 days to cover the outstanding short positions. The stock has an average daily volume of 142,892 shares. The short interest information was released on Wednesday Aug 24th after the market close.
RTI Surgical (NASDAQ:RTIX): The stock opened at $3.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.40 for the day. The stock traded down to $3.25 during the day, due to lack of any buying support eventually closed down at $3.25 with a loss of -2.40% for the day. The stock had closed at $3.33 on the previous day. The total traded volume was 149,433 shares.
RTI Surgical, Inc. produces orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues and improve surgical outcomes. The Company uses natural tissues, metals and synthetics process to produce its products. The Company processes donated human musculoskeletal and other tissue, including bone, cartilage, tendon, ligament, fascia lata, pericardium, sclera and dermal tissue, and bovine and porcine animal tissue in producing allograft and xenograft implants utilizing BIOCLEANSE, TUTOPLAST and CANCELLE SP sterilization processes and manufacture metal and synthetic implants for distribution to hospitals and surgeons. The Companys business has six categories: spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), surgical specialties and dental. The Company distributes its implants and services in all 50 states and in over 45 countries worldwide.