MedAvail Holdings, Inc. Sees Significant Drop in Short Interest

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MEDAVAIL($NASDAQ:MDVL): MedAvail Holdings, Inc saw a significant drop in short interest in the last quarter. This is good news for the company, as it indicates that investors are becoming more confident in MedAvail’s future. The drop in short interest is a positive sign for the company, and investors should continue to monitor MedAvail’s progress.

Stock Price

On Tuesday, MedAvail Holdings, Inc stock opened at $0.9 and closed at $0.9, up by 0.2% from last closing price of $0.9. This significant drop in short interest is a good sign for the company, as it indicates that investors are becoming more confident in the company’s future. With the vaccine rollout underway and MedAvail’s innovative technology, the company is well-positioned to rebound in the coming months.

VI Analysis

According to VI’s Risk Rating, MEDAVAIL is a high risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, but there are potential risks in the business and financial areas. You may check out what are the business and financial areas presenting potential risks in our website.

Summary

MedAvail Holdings, Inc CEO Mark J. Short interest in the company has seen a significant drop, and the CEO Mark J. Fletcher has said that the company is facing challenges. The company also announced that it is suspending its operations and laying off all of its employees.