|Coverage Initiated on Rockwell Medical (NASDAQ: RMTI)|
|Tuesday, 27 October 2009 12:04|
Starting in 2005 and through late 2007 short sellers moderately shorted Rockwell Medical Technologies (NASDAQ: RMTI) which resulted in the stock price dropping from $9.39 to $4.33 by September 2007.
As RMTI has recovered to as high as $9.39 in August 2009, shorts are becoming very active again in the stock. Failures to Deliver in RMTI have been an issue in the past as short sellers have previously been lax in complying with Regulation SHO. When failures subsided the stock rallied. The daily short volume chart of RMTI shows shorts are becoming active again in RMTI.
RMTI is a small-cap bio-pharmaceutical company with a core, growing business which manufactures, sells, and distributes dialysate (which remove toxins and wastes from the blood while replacing nutrients) products to patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD) receiving dialysis (which is typically conducted three times per week). The Company has a 27% share of the U.S. dialysate market with three manufacturing plants and over 16.6 million treatments provided last year. RMTI also provides ancillary products to hemodialysis (HD) providers such as blood tubing, fistula needles, dressings, cleansing agents, filtration salts, and other supplies.
The Company's current line-up of dialysate products are designed to be the delivery vehicle for Soluble Ferric Pyrophosphate (SFP), which provides an opportunity for RMTI to expand upon its current market share by offering a value-added, high margin dialysate iron replacement therapy option for its customers while improving the clinical outcomes for anemic dialysis patients. The Company's core business includes the following: RenalPure (Liquid Acid and Powder Bicarbonate Concentrates), Dri-Sate (Dry Acid Concentrate and Mixing System), SteriLyte (Liquid Bicarbonate Concentrate), blood tubing sets, and fistula needles.
Click here to visit the RMTI News Room landing page, which includes a compilation of digital media coverage links and downloads for the Company, including the recently published reports below.
Disclosure: Long RMTI