Chembio Diagnostics, Inc. ( NASDAQ:CEMI – Get Rating ) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 292,100 shares, a drop of 19.2% from the March 31st total of 361,400 shares. Based on an average daily volume of 652,800 shares, the days-to-cover ratio is currently 0.4 days. Insiders Place Their Bets In related news, major shareholder Credit Advisors Ll Perceptive purchased 339,000 shares of Chembio Diagnostics stock in a transaction that occurred on Thursday, April 6th.

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