Medigus Ltd. – American Deposit (NASDAQ:MDGS) Stock Traded Over Its 50 Day Average

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It is currently trading at $2.37 a bit higher than $2.16, the stock’s 50 day moving average and marginally over the 200 day moving average of $2.29. The 50 day moving average went up by +9.48% and the 200 day average went up by +3.38%. 109 shares changed hands on Tuesday. Trading volume was down 99.32% under the stocks average daily volume.

Short traders are feeling a little more bullish on shares of Medigus Ltd. – American Deposit at least if you consider the motion in short interest. The firm experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -46.22%. Short interest fell from 40,359 to 21,704 over that timeframe. The days to cover decreased to 0.0 and the percentage of shorted shares is 0.01% as of September 29.

Medigus Ltd., a medical device company, engages in the research and development of endoscopic procedures and devices. It offers the MUSE endoscopy system comprising surgical stapler, miniature camera, and ultrasound sensor sensor for the treatment of gastroesophageal reflux disease. The company was founded in 1999 and is based in Omer, Israel..

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