Short Interest in Presbia PLC (LENS) Declines By 32.5%

Presbia PLC (NASDAQ:LENS) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 53,394 shares, a drop of 32.5% from the February 28th total of 79,140 shares. Based on an average trading volume of 17,467 shares, the short-interest ratio is presently 3.1 days.

Shares of Presbia PLC (NASDAQ:LENS) traded down 4.17% during midday trading on Thursday, hitting $2.99. 16,914 shares of the company traded hands. Presbia PLC has a 52 week low of $2.97 and a 52 week high of $5.50. The stock’s market capitalization is $39.88 million. The company has a 50-day moving average price of $3.19 and a 200-day moving average price of $3.62.

An institutional investor recently raised its position in Presbia PLC stock. FMR LLC boosted its position in Presbia PLC (NASDAQ:LENS) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,013,139 shares of the company’s stock after buying an additional 7,423 shares during the period. FMR LLC owned about 15.09% of Presbia PLC worth $6,986,000 at the end of the most recent reporting period. 21.61% of the stock is currently owned by institutional investors.

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Presbia PLC Company Profile

Presbia PLC is an ophthalmic device company. The Company develops and markets an optical lens implant for treating presbyopia, the age-related loss of the ability to focus on near objects. The Company’s segment is the restoration of clear vision caused by presbyopia. The Company provides the refractive lens for patient surgeries and accessories for procedures performed exclusively outside the United States.

5 Day Chart for NASDAQ:LENS

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