Utah Medical Products, Inc. (NASDAQ:UTMD – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 59,800 shares, a decline 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 daily trading volume, of 18,500 shares, the short-interest ratio is currently 3.2 days.
Institutional Trading of Utah Medical Products
A number of hedge funds have recently bought and sold shares of UTMD. Northwest Financial Advisors acquired a new position in shares of Utah Medical Products during the fourth quarter valued at about $25,000. Allspring Global Investments Holdings LLC bought a new position in Utah Medical Products during the second quarter valued at about $83,000. EntryPoint Capital LLC raised its holdings in Utah Medical Products by 124.1% in the 1st quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock valued at $230,000 after acquiring an additional 1,794 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Utah Medical Products in the 2nd quarter worth approximately $307,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of 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 worth $317,000 after purchasing an additional 1,899 shares in the last quarter. 69.60% of the stock is owned by institutional investors.
Utah Medical Products Stock Down 1.0 %
Shares of UTMD stock opened at $68.77 on Tuesday. Utah Medical Products has a 12 month low of $65.62 and a 12 month high of $98.96. The firm has a market cap of $242.76 million, a PE ratio of 15.28 and a beta of 0.06. The stock has a 50 day moving average of $68.17 and a 200-day moving average of $70.55.
Utah Medical Products Announces Dividend
Utah Medical Products Company Profile
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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