Why CytoSorbents (CTSO) Stock Is Trading Higher

CytoSorbents Corp CTSO shares are trading higher by 21% to $0.85 during Tuesday’s session after the company entered into a new $20 million credit facility with Avenue Capital Group.

The company says the funds will provide non-dilutive working capital to support the global CytoSorb® franchise in critical care and cardiac surgery, and aid in FDA and Health Canada applications for DrugSorb™-ATR.

The credit agreement has a three-year term and includes an initial $15 million tranche, with $10 million available immediately and an additional $5 million contingent on FDA acceptance of the DrugSorb-ATR De Novo application.

Meanwhile, a second $5 million tranche is available in late 2025, dependent on FDA clearance for DrugSorb-ATR.

Read Also: Tesla Deliveries Fall For Second Straight Quarter, But Stock Takes Off As Q2 Numbers Exceed Expectations

How To Buy CTSO Stock

By now you're likely curious about how to participate in the market for CytoSorbents – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of CytoSorbents, which is trading at $0.84 as of publishing time, $100 would buy you 119.05 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, CTSO has a 52-week high of $4.29 and a 52-week low of $0.70.