Short Interest in NewGenIvf Group Limited (NASDAQ:NIVF) Rises By 588.2%

NewGenIvf Group Limited (NASDAQ:NIVF) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 117,000 shares, a growth of 588.2% from the January 31st total of 17,000 shares. Currently, 8.4% of the company’s shares are sold short. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NewGenIvf Group stock. XTX Topco Ltd increased its stake in NewGenIvf Group Limited (NASDAQ:NIVF) by 400.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,801 shares of the company’s stock after purchasing an additional 59,059 shares during the quarter. XTX Topco Ltd owned about 0.73% of NewGenIvf Group worth $30,000 at the end of the most recent quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

NewGenIvf Group Stock Performance

NewGenIvf Group stock traded up $0.07 during midday trading on Thursday, hitting $2.41. 1,111,288 shares of the company were exchanged, compared to its average volume of 1,611,727. The company’s fifty day moving average price is $5.14 and its 200-day moving average price is $11.02. NewGenIvf Group has a fifty-two week low of $1.85 and a fifty-two week high of $344.80.

NewGenIvf Group Company Profile

NewGenIVF Group Ltd. operates as an assisted reproductive services provider. It focuses on providing fertility treatments to fulfil the dreams of building families. The firm offers in-vitro fertilization treatment service, comprising traditional IVF and egg donation, and surrogacy and ancillary caring services.