Journalist: Richard B. Evans

Journalist, People

Richard B. Evans  Associate Professor of Business Administration, Donald McLean Wilkinson Research Chair in Business Administration.

Richard Evans’ research deals broadly with investment decisions, and his current research projects explore fund manager compensation and incentives, exchange-traded funds, corporate political activity and stock performance, short-selling and quantitative vs. fundamental investment strategies. Continue reading “Journalist: Richard B. Evans”

Article: Co-Diagnostics Inc. [CODX] stock Reiterated by H.C. Wainwright analyst, price target now $20

Article - Media

Co-Diagnostics Inc. [CODX] stock Reiterated by H.C. Wainwright analyst, price target now $20

Brandon Evans

DBT News, 30 April 2020

Co-Diagnostics Inc. [NASDAQ: CODX] traded at a low on 04/29/20, posting a -8.57 loss after which it closed the day’ session at $12.37. The results of the trading session contributed to over 5099148 shares changing hands. Over the past one week, the price volatility of Co-Diagnostics Inc. stands at 10.98% while the volatility over the past one month is 12.61%.

The market cap for CODX stock reached $332.63 million, with 26.89 million shares outstanding and 20.80 million shares in the current float. Compared to the average trading volume of 12.82M shares, CODX reached a trading volume of 5099148 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Comment: This company is at risk of collusion between a placement agent and naked short sellers.

RELATED:

Paper: ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?

Paper

ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?

Richard B. Evans, Rabih Moussawi, Michael S. Pagano, John Sedunov

Darden Business School, 3 May 2017

We identify an alternative source of ETF shorting related to the market maker liquidity provision and creation/redemption activities. This “operational shorting” arises due to a regulatory exemption, allowing ETF market makers to satisfy excess demand in secondary markets by selling ETF shares that have not yet been created.

PDF (79 pages): ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?