INVO Bioscience, Inc. (NASDAQ:INVO) Short Interest Up 146.4% in May

INVO Bioscience, Inc. (NASDAQ:INVOGet Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 81,300 shares, a growth of 146.4% from the April 30th total of 33,000 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 3,770,000 shares, the days-to-cover ratio is currently 0.0 days.

INVO Bioscience Price Performance

INVO stock traded up $0.01 during trading on Thursday, hitting $0.90. 23,126 shares of the stock traded hands, compared to its average volume of 2,365,396. INVO Bioscience has a 1 year low of $0.50 and a 1 year high of $8.60. The firm’s 50 day moving average is $1.01 and its two-hundred day moving average is $1.17. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.16 and a current ratio of 0.19.

Hedge Funds Weigh In On INVO Bioscience

A hedge fund recently bought a new stake in INVO Bioscience stock. Sabby Management LLC bought a new stake in INVO Bioscience, Inc. (NASDAQ:INVOFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 231,023 shares of the company’s stock, valued at approximately $183,000. INVO Bioscience makes up about 0.1% of Sabby Management LLC’s investment portfolio, making the stock its 29th biggest holding. Sabby Management LLC owned 9.43% of INVO Bioscience at the end of the most recent quarter. Institutional investors own 12.02% of the company’s stock.

About INVO Bioscience

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INVO Bioscience, Inc, together with its subsidiary, a healthcare services fertility company, provides assisted reproductive technology solutions worldwide. It offers INVOcell, a medical device that allows fertilization and early embryo development to take place in vivo within the woman's body. The company was founded in 2007 and is based in Sarasota, Florida.

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