It is currently trading at $5.47 a tad higher than the 50 day moving average of $5.00 and which is quite a bit above the 200 day moving average of $4.49. The 50 day moving average moved up $0.47 and the 200 day average went up $0.98 or +21.75%. (NASDAQ:FLDM) shares saw heavy trading volume with 746K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 233.12% over the normal average daily volume.
Traders are more bearish on shares of Fluidigm Corporation of late as indicated by the change in short interest. The stock recorded a rise in short interest of 7.09% as of the latest report on September 29, 2017. Short shares grew from 3,203,536 to 3,430,772 over that period. With short interest at 3,430,772 and short average daily volume at 190,631, days to cover is 18.0 and the percentage of shorted shares is 0.12% as of September 29.
There has been some buying insider activity on Fluidigm Corporation (NASDAQ:FLDM) recently. Chief Commercial Officer Steven Mcphail bought 20,000 shares at an average price of $3.00 on Tue the 8th. That brings Mcphail’s holdings to $83,526 as reported to the SEC. Stephen Christopher Linthwaite, President & CEO purchased $119,700 worth of shares at an average price of $2.66 on August 8th. That brings the President & CEO’s holdings to $284,559 as recorded in a recent Form 4 SEC filing.
Vikram Jog, CHIEF FINANCIAL OFFICER acquired $135,500 worth of shares at an average price of $2.71 on Tue the 8th. The CHIEF FINANCIAL OFFICER now owns $141,085 of the stock per an SEC filing yesterday.
Here are a few substantial investment firms who have updated their positions. Healthcare Value Capital, LLC cut its stake by shedding 125,000 shares a decrease of 45.5% in the quarter. Healthcare Value Capital, LLC currently owns 150,000 shares valued at $606,000. The total value of its holdings decreased 61.3%. Neuberger Berman Group LLC divested its ownership by selling 73,027 shares a decrease of 3.8%. Neuberger Berman Group LLC claims 1,851,381 shares with a value of $7,480,000. The value of the position overall is down by 31.7%.
As of the end of the quarter Acadian Asset Management LLC had disposed of a total of 94,521 shares trimming its position 52.1%. The value of the investment in (FLDM) went from $732,000 to $438,000 a change of $294,000 quarter over quarter. Cutler Group LP grew its position by buying 3,671 shares an increase of 367.1% as of 09/30/2017. Cutler Group LP now controls 4,671 shares worth $23,000. The value of the position overall is up by 2,200.0%.
In the last earnings report the EPS was $-2.45 and is projected to be $-1.95 for the current year with 29,414,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.34 with next year’s EPS anticipated to be $-1.30.
Fluidigm Corporation, launched on March 29, 2007, creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Business’s core microfluidics and mass cytometry technologies. The Company sells instruments and consumables, including integrated fluidic circuits, assays and reagents, to academic institutions, clinical laboratories, and pharmaceutical, biotechnology, and agricultural biotechnology (Ag-Bio) companies. The Company operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment. The Company offers various types of products, which include preparatory instruments, preparatory analytical instruments, analytical instruments, integrated fluidic circuits (IFCs), and assays and reagents..