Why Helius Medical Technologies (HSDT) Stock Is Roaring Higher

Helius Medical Technologies, Inc. HSDT shares are trading higher on Tuesday after the company gained compliance with all applicable Nasdaq listing criteria.

The Details:

Helius Medical Technologies announced that the company received formal notice from the Nasdaq Listing Qualifications that Helius has evidenced full compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) on Aug. 31. 

Shares of HSDT are moving higher on extremely high trading volume with more than 5.36 million shares already traded in the session. According to data from Benzinga Pro, the stock's 100-day average volume is only 39,801 shares.

Helius Medical's stock has attracted the attention of short-sellers with 17.52% of available shares being sold short.

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HSDT Price Action: According to Benzinga Pro, Helius Medical Technologies shares are up 44% at $10.68 at the time of publication.

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