Amedica Corporation (NASDAQ:AMDA) Shorts Decreased by 12.95% After Short Covering

The stock of Amedica Corporation (NASDAQ:AMDA) registered a decrease of 12.95% in short interest. AMDA’s total short interest was 664,000 shares in April as published by FINRA. Its down 12.95% from 762,800 shares, reported previously. With 935,700 shares average volume, it will take short sellers 1 days to cover their AMDA’s short positions. The short interest to Amedica Corporation’s float is 8.51%. The stock closed at $1.45 during the last session. It is down 79.86% since September 2, 2015 and is downtrending. It has underperformed by 84.93% the S&P500.

Amedica Corporation is a commercial biomaterial company. The company has a market cap of $16.23 million. The Firm is a vertically integrated silicon nitride orthopedic medical device maker focused on using its silicon nitride technology platform to develop, manufacture and sell a range of medical devices. It currently has negative earnings. The Firm markets spinal fusion products and are developing products for use in total hip and knee joint replacements.

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