Milestone Scientific Inc. (MLSS) Short Interest Up 81.4% in January

Milestone Scientific Inc. (NYSEAMERICAN:MLSS) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 112,852 shares, an increase of 81.4% from the January 15th total of 62,227 shares. Based on an average trading volume of 304,981 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are sold short.

MLSS traded down $0.02 on Monday, hitting $0.35. 271,513 shares of the stock were exchanged, compared to its average volume of 207,254. Milestone Scientific has a 12 month low of $0.26 and a 12 month high of $1.10.

Milestone Scientific (NYSEAMERICAN:MLSS) last posted its quarterly earnings data on Thursday, November 15th. The medical instruments supplier reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $1.62 million for the quarter.

In other news, CEO Leonard Osser acquired 285,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was acquired at an average price of $0.35 per share, with a total value of $99,750.00. Following the completion of the transaction, the chief executive officer now directly owns 3,624,056 shares of the company’s stock, valued at approximately $1,268,419.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, Maxim Group cut their price objective on shares of Milestone Scientific from $3.00 to $1.50 and set a “buy” rating for the company in a research report on Friday, November 16th.

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About Milestone Scientific

Milestone Scientific, Inc develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates through dental and medical segments. Its products include CompuDent System used to control the flow rate of the anesthesia during the injection that allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns; and CompuFlo, a computer-controlled drug delivery system for the painless delivery of drugs, anesthetics, and other medicaments, as well as for the aspiration of bodily fluids or previously injected substances.

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