Short Interest in Corindus Vascular Robotics Inc (CVRS) Rises By 2.7%

Corindus Vascular Robotics Inc (NYSEAMERICAN:CVRS) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 14,816,169 shares, a growth of 2.7% from the April 15th total of 14,433,050 shares. Currently, 12.5% of the company’s stock are sold short. Based on an average daily trading volume, of 857,572 shares, the short-interest ratio is presently 17.3 days.

Shares of NYSEAMERICAN CVRS traded down $0.05 during midday trading on Tuesday, hitting $2.62. 25,457 shares of the stock traded hands, compared to its average volume of 1,182,631. Corindus Vascular Robotics has a one year low of $0.70 and a one year high of $3.10.

Corindus Vascular Robotics (NYSEAMERICAN:CVRS) last released its quarterly earnings results on Tuesday, May 7th. The medical equipment provider reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $3.04 million for the quarter, compared to the consensus estimate of $2.90 million.

In other Corindus Vascular Robotics news, Director Louis A. Cannon bought 573,798 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of $1.38 per share, for a total transaction of $791,841.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Hudson Executive Capital Lp bought 2,899,391 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of $1.38 per share, for a total transaction of $4,001,159.58. The disclosure for this purchase can be found here. Insiders purchased a total of 3,483,189 shares of company stock worth $4,811,001 in the last 90 days.

A number of institutional investors have recently made changes to their positions in the stock. Weiss Asset Management LP bought a new position in Corindus Vascular Robotics in the 1st quarter worth $65,000. Schonfeld Strategic Advisors LLC raised its holdings in Corindus Vascular Robotics by 12.5% during the first quarter. Schonfeld Strategic Advisors LLC now owns 1,800,000 shares of the medical equipment provider’s stock valued at $3,132,000 after acquiring an additional 200,000 shares during the period. Morgan Stanley raised its holdings in Corindus Vascular Robotics by 5.3% during the first quarter. Morgan Stanley now owns 422,217 shares of the medical equipment provider’s stock valued at $735,000 after acquiring an additional 21,289 shares during the period. Jefferies Group LLC bought a new stake in Corindus Vascular Robotics during the first quarter valued at about $85,000. Finally, ExodusPoint Capital Management LP raised its holdings in Corindus Vascular Robotics by 158.1% during the first quarter. ExodusPoint Capital Management LP now owns 210,127 shares of the medical equipment provider’s stock valued at $366,000 after acquiring an additional 128,727 shares during the period.

Separately, Zacks Investment Research downgraded Corindus Vascular Robotics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th.

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Corindus Vascular Robotics Company Profile

Corindus Vascular Robotics, Inc designs, manufactures, and sells robotic-assisted systems for use in interventional vascular procedures in the United States and internationally. The company offers CorPath system, a medical device with robotic-assisted precision for coronary and peripheral interventional procedures.

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