SLS International Inc (SLS) Sees Significant Increase in Short Interest

SLS International Inc (AMEX:SLS) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 1,079,328 shares, an increase of 41.8% from the September 28th total of 761,271 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,828,864 shares, the short-interest ratio is currently 0.6 days.

Shares of AMEX:SLS opened at $0.00 on Tuesday.

SLS International (AMEX:SLS) last announced its quarterly earnings data on Wednesday, August 15th. The biotechnology company reported ($1.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.03) by ($0.23). SLS International had a negative return on equity of 89.41% and a negative net margin of 51.98%.

Several research analysts recently issued reports on SLS shares. Maxim Group reduced their price target on shares of SLS International from $13.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. HC Wainwright set a $4.00 price objective on SLS International and gave the stock a “buy” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised SLS International from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Friday, August 3rd.

About SLS International

SLS international is a language services company which offers translations globally. The Company offers a range of services, including multilingual translations into all Spanish variants, localization, adaptation and content editing. It uses the mother-tongue linguists in order to meet the demanding standards.

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