Wednesday, December 21, 2011

Nanosphere: Must Be Good News

My last Nanosphere (NSPH) posting ("Insider Sale Recorded") was on 02011.12.08. Press release from today (02011.12.21): Nanosphere Obtains CE Mark for Gram-Positive Blood Culture Test

NSPH closed yesterday (02011.12.20) at $1.28. Opened today (02011.12.21) at $1.35; spiked to $1.55; and was at $1.48 (up 14% for the day) at 11:44am EST. Volume at 400K vs. trailing-3-day daily average of 300K.

Not much short interest in NSPH. 51+% closely held with institutions owning a good percentage of the float. Good news/thin float is frequently a bullish combination.

[Update::02011.12.21] NSPH closed at $1.38, up 7.8% for the day.

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