Short Interest Update on Unilife Corporation (UNIS)

Unilife Corporation (UNIS) : 9 days before expiry, shorts in Unilife Corporation (UNIS) have reduced from 1,240,692 on Jul 29, 2016, to 1,166,064 on August 15, 2016. On an average, 122,861 shares are traded on the exchange. The outstanding bearish positions are equal to 7.5% of the float. Short sellers have covered -74,628 shares, a reduction of -6%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Unilife Corporation (NASDAQ:UNIS): The stock opened at $3.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.05 for the day. The stock traded down to $2.95 during the day, due to lack of any buying support eventually closed down at $2.95 with a loss of -1.01% for the day. The stock had closed at $2.98 on the previous day. The total traded volume was 46,627 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer of Unilife Corp, Pyers Dennis had sold 10,000 shares worth of $11,700 in a transaction dated September 15, 2015. In this transaction, 10,000 shares were sold at $1.17 per share.

Unilife Corporation is a medical device manufacturer and component supplier. The Company is engaged in the designing, development and manufacturing of injectable drug delivery systems. It has a portfolio of product platforms, including pre-filled syringes, wearable injectors, insulin delivery systems, disposable and reusable auto-injectors, drug reconstitution delivery systems, ocular delivery systems and other systems. The Companys Pre-filled Syringes include Unifill platform that includes Unifill, Unifill Finesse, Unifill Select, Unifill Nexus and Unifill Allure. The Company offers ReadyToGo portfolio of wearable injectors. Its Imperium platform is designed to be prefilled with insulin and is supplied ready for multi-day wear. Its product configurations available within the EZMix platform include AutoMix Presto, EZMix Genesis, EZMix Engage and EZMix Prodigy. The Companys Ocular delivery systems include Ocu-ject, Ocu-mix and Depot-ject.

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