What's Going On With INVO BioScience Stock?

INVO BioScience, Inc. INVO shares are trading higher Monday on continued upward momentum. The stock has gained more than 140% over the last month.

What To Know:

Shares of INVO are climbing on heavy trading volume Monday and are up nearly 40% over the last five days. According to data from Benzinga Pro, more than 16.4 million shares have been traded in the session, compared to the stock's 100-day average volume of 2.894 million shares.

According to SEC documents filed on Monday, INVO expects to file a Schedule TO on or before Nov. 23, at which time INVO will commence an exchange offer for its warrants that will be open for no less than 20 business days and will expire two trading days after INVO’s closing of the previously announced proposed merger with NAYA Biosciences, Inc.

According to Benzinga Pro, INVO BioScience has a float of only 2.444 million shares, and 11.82% of available INVO shares are being sold short.

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INVO Price Action: According to Benzinga Pro, INVO BioScience shares are up nearly 23% at $1.61 at the time of publication.

Image: Konstantin Kolosov from Pixabay