Allied Healthcare Products shares soar in volume surge

Allied Healthcare Products

13/07/2021 19:11

** Shares in Allied Healthcare Products  AHPI.O  up 110.1% at
$8.32 after hitting high of $11.54 as trading volume spiked with
the stock gaining attention on social media
    ** Among the top two most active stocks on U.S. exchanges,  
149,890,278 shares in APHI changed hands in a record. 10-day
moving average volume is 119,163
    ** Chief Financial Officer Daniel Dunn told Reuters in a
telephone call that he did not know why the shares were rising
so sharply
    ** The stock was trending on social media investor site
Stocktwits and was among the top 7 stocks with the most new
watchers in the last 24 hours but it was not on the most recent
top 10 list of stocks with most messages in the last 24 hours
    ** About 245,600 shares or 6% of shares outstanding were on
loan as of July 12 with short interest declining by 200 shares
from the prior session according to Astec Analytics

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))