Avinger, Inc. (NASDAQ:AVGR) shares are trading higher on Wednesday. The stock appears to be moving on continued upward momentum from the last two days.
What To Know:
Avinger shares have gained nearly 175% since Monday when the company announced the commercial launch of its Tigereye ST image-guided chronic total occlusion (CTO) crossing system.
Avinger filed its intent to increase the available amount for sale under its previously disclosed at the market offering up to an additional aggregate offering price of $2,133,181 on Monday after the market close.
Shares of AVGR are trading higher on heavy volume. According to data from Benzinga Pro, more than 16 million shares have been traded in the session, compared to the stock's 100-day average of 1.306 million shares.
Avinger shares have garnered the attention of retail investors and short-sellers alike with 11.38% of available shares being sold short, according to Benzinga Pro.
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AVGR Price Action: According to Benzinga Pro, Avinger shares are up 7.5% at $11.24 at the time of publication.
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