For the period that ended November 15, 2019, the short interest in Guardion Health Sciences, Inc. (NASDAQ:GHSI) stock is on the up. The 141.04% rise could be an indication that investors and traders expect a drop in the share price, often as a result of a drop in the business’ fundamentals. The average brokerage opinion at 0 suggests disposing off these shares. Between October 31 and November 15, the total count of shorted shares totalled 750.49 thousand. That number was 439,133 more shares compared with the total of 311.36 thousand shares in the space of prior two weeks, which suggests more traders or funds are betting that the company stock will move down. The average daily volume for GHSI at the November 15th settlement retreated to 3,006,790, versus 3,840,049 at the October 31st report. That led days to cover to move at 1, a 0% decrease compared to the 1 days to cover recorded at the prior short interest data release.
On December 03, 2019, Guardion Health Sciences, Inc. (NASDAQ:GHSI) shares lost -4.98% or -0.01 points to close at $0.2 with a thin trading volume of 3.087 million shares. It opened the trading session at $0.205, the shares rose to $0.2055 and dropped to $0.193, the range by which the price of stock traded the whole day. The company now has a market cap of $14.15 million and currently has 70.75 million outstanding shares. Guardion Health Sciences, Inc. (GHSI) stock has plunged -25.93 percent of market value in 21 trading days.
GHSI stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.43 share in the trailing 52 weeks. The stock’s value fallen -94.57 percent year to date (YTD) compared to a decline of 0 percent in 52 week’s period. The firm’s shares are still trading -95 percent below its 1-year high of $4.00 and 21.21 percent up from 52-week low of $0.17. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Past records have indicated that shares in Guardion Health Sciences, Inc. declined on 1 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
The stock is lingering around the initial support level of $0.19. After this, the following support is at the zone of $0.19. Up until the time the GHSI stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 29.21 on the daily chart, and this may be a cause for comfort. In case the price goes below $0.19 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $0.21 level may cause a pull-back move approaching $0.21 mark.
Guardion Health Sciences, Inc. has a 59.1% gross profit margin.