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CorMedix's short interest rose, yet positive earnings and analyst ratings buoyed its stock near $9.85.
CorMedix Inc., a biopharmaceutical company, saw its short interest increase by 8.9% to 6.84 million shares in November.
Despite this, recent earnings surpassed expectations, with the company reporting better-than-expected EPS and revenue.
Analysts like Needham & Company LLC and Rodman & Renshaw have given positive ratings, with target prices up to $18.00.
The stock, however, remained stable at $9.85, reflecting a complex investor sentiment.
4 months ago
3 Articles