What’s Fonar Corporation (NASDAQ:FONR) Upside After This Short Interest Increase?

Investors sentiment is 1.57 in Q2 2018. Its the same as in 2018Q1. It has no change, as 1 investors sold FONAR Corporation shares while 20 reduced holdings. only 13 funds opened positions while 20 raised stakes. 3.14 million shares or 3.12% more from 3.04 million shares in 2018Q1 were reported.
Moreover, Spark Invest Mngmt Ltd Liability Corp has 0.03% invested in FONAR Corporation (NASDAQ:FONR) for 20,800 shares. Moreover, First Quadrant Limited Partnership Ca has 0% invested in FONAR Corporation (NASDAQ:FONR). State Common Retirement Fund, New York-based fund reported 24,722 shares. Meeder Asset Mgmt Inc holds 0% in FONAR Corporation (NASDAQ:FONR) or 1,522 shares. Moreover, Bridgeway Cap Mngmt has 0.01% invested in FONAR Corporation (NASDAQ:FONR) for 53,800 shares. Lsv Asset Management accumulated 305,675 shares or 0.01% of the stock. Millennium Ltd Liability Company holds 7,840 shares or 0% of its portfolio. California-based Schwab Charles Inv Management has invested 0% in FONAR Corporation (NASDAQ:FONR). Bowling Ltd Liability stated it has 61,625 shares. Deutsche Comml Bank Ag reported 0% stake. Ativo Capital Ltd Liability Corporation holds 0.39% or 53,182 shares in its portfolio. Northwestern Mutual Wealth Mgmt Communications holds 0% of its portfolio in FONAR Corporation (NASDAQ:FONR) for 8 shares. Bailard holds 0.05% in FONAR Corporation (NASDAQ:FONR) or 33,056 shares. Legal General Grp Inc Pcl reported 927 shares. Manufacturers Life Insur The holds 0% of its portfolio in FONAR Corporation (NASDAQ:FONR) for 1,585 shares.

Since June 20, 2018, it had 0 insider buys, and 6 selling transactions for $216,998 activity.

The stock of Fonar Corporation (NASDAQ:FONR) registered an increase of 0.96% in short interest. FONR’s total short interest was 73,500 shares in December as published by FINRA. Its up 0.96% from 72,800 shares, reported previously. With 17,900 shares average volume, it will take short sellers 4 days to cover their FONR’s short positions. The short interest to Fonar Corporation’s float is 1.3%.

The stock decreased 1.76% or $0.38 during the last trading session, reaching $21.18. About 13,688 shares traded. FONAR Corporation (NASDAQ:FONR) has declined 14.51% since December 8, 2017 and is downtrending. It has underperformed by 30.13% the S&P500.

Fonar Corporation, together with its subsidiaries, engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases, abnormalities, and other medical conditions and injuries. The company has market cap of $137.36 million. It operates in two divisions, Medical Equipment, and Physician Management and Diagnostic Services. It has a 6.92 P/E ratio. The firm offers Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down.

More notable recent FONAR Corporation (NASDAQ:FONR) news were published by: Globenewswire.com which released: “FONAR Announces Fiscal 2018 2nd Quarter and Six Months Financial Results – GlobeNewswire” on February 12, 2018, also Globenewswire.com with their article: “FONAR Announces Financial Results for Fiscal 2018 3rd Quarter and Nine-Months – GlobeNewswire” published on May 10, 2018, Seekingalpha.com published: “Fonar: A Micro-Cap With 40% Upside – Seeking Alpha” on March 18, 2015. More interesting news about FONAR Corporation (NASDAQ:FONR) were released by: Globenewswire.com and their article: “FONAR Announces Year-End Earnings For Fiscal 2018 – GlobeNewswire” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “Valuations Getting Big? Look At Small Caps In 2018 – Seeking Alpha” with publication date: January 04, 2018.

FONAR Corporation (NASDAQ:FONR) Institutional Positions Chart

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