Short Interest in Cutera, Inc. (NASDAQ:CUTR) Rises By 8.9%

Cutera, Inc. (NASDAQ:CUTR) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,400,000 shares, an increase of 8.9% from the November 15th total of 4,040,000 shares. Based on an average daily trading volume, of 290,700 shares, the short-interest ratio is presently 15.1 days.

Cutera Stock Performance

NASDAQ:CUTR opened at $0.35 on Tuesday. Cutera has a 12 month low of $0.28 and a 12 month high of $4.97. The firm’s 50 day moving average is $0.51 and its 200 day moving average is $0.96. The stock has a market capitalization of $7.15 million, a PE ratio of -0.05 and a beta of 1.26.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new stake in Cutera during the second quarter worth about $37,000. Bank of Montreal Can boosted its holdings in Cutera by 14.2% during the 2nd quarter. Bank of Montreal Can now owns 282,704 shares of the medical device company’s stock valued at $455,000 after acquiring an additional 35,248 shares during the period. Finally, Squarepoint Ops LLC grew its position in Cutera by 164.5% during the 2nd quarter. Squarepoint Ops LLC now owns 113,964 shares of the medical device company’s stock worth $172,000 after acquiring an additional 70,870 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Cutera in a report on Thursday, December 12th. They issued a “sell” rating on the stock.

Cutera Company Profile

Cutera, Inc provides aesthetic and dermatology solutions for medical practitioners worldwide. It develops, manufactures, and markets energy-based product platforms for medical practitioners; and distributes third-party manufactured skincare products. The company provides AviClear for the treatment of mild, moderate, and severe inflammatory acne vulgaris; Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for skin revitalization; truFlex, a bio-electrical muscle stimulation device designs to strengthen, firm and tone the abdomen, buttocks, and thighs; and excel V/V+, a vascular and benign pigmented lesion treatment platform.