Pro-Dex Inc (NASDAQ:PDEX) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 10,000 shares, a drop of 17.4% from the July 31st total of 12,100 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.
Separately, ValuEngine cut Pro-Dex from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th.
Shares of Pro-Dex stock traded up $0.25 during trading on Friday, hitting $15.40. 49,628 shares of the company’s stock traded hands, compared to its average volume of 25,807. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.88 and a quick ratio of 4.60. Pro-Dex has a 1 year low of $8.01 and a 1 year high of $17.95. The stock has a market capitalization of $62.39 million, a P/E ratio of 19.20 and a beta of 1.49. The business has a 50-day simple moving average of $14.06 and a 200-day simple moving average of $14.00.
Pro-Dex, Inc, together with its subsidiaries, designs, develops, and manufactures powered surgical instruments, dental instruments, and rotary air motors worldwide. It also manufactures plastic injection molds for various industries; and shavers and machined parts. In addition, it provides engineering, and quality and regulatory consulting services.
Recommended Story: How is a buy-side analyst different from a sell-side analyst?
Receive News & Ratings for Pro-Dex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pro-Dex and related companies with MarketBeat.com's FREE daily email newsletter.