NovelStem International Corp. (OTCMKTS:NSTM) Sees Large Growth in Short Interest

NovelStem International Corp. (OTCMKTS:NSTM – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 600 shares, a growth of 500.0% from the April 30th total of 100 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.5 days.

NovelStem International Stock Performance

Shares of NovelStem International stock remained flat at $0.20 during midday trading on Friday. The firm’s 50 day moving average is $0.20 and its two-hundred day moving average is $0.19. NovelStem International has a one year low of $0.06 and a one year high of $0.28.

About NovelStem International

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NovelStem International Corp. focuses on developing and commercialization of diagnostic technology for cancer treatments and the potential to reduce resistance to chemotherapy. The company was formerly known as Hollywood Media Corp. and changed its name to NovelStem International Corp. in September 2018.