AVITA Medical, Inc. ( NASDAQ:RCEL – Get Rating ) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 545,700 shares, a decrease of 22.5% from the April 15th total of 704,000 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average trading volume of 180,000 shares, the short-interest ratio is presently 3.0 days. Hedge Funds Weigh In On AVITA Medical A number of hedge funds have recently modified their holdings of the stock.

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