Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) and OFS Capital Corporation (NASDAQ:OFS) Experiencing Unusual Activity Mid-day

Shares of Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $6.42 at the time of writing.  The day’s total volume of 8267897 this morning is in contrast from the three-month daily average of 469.70K.  When we divide the current volume by the three-month average volume, we get a relative volume of 20.67.

Why is this important?

Trading volume is a hugely important consideration for any investor.  By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. 

Looking Back

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE)‘s market cap, the total dollar value of all of their outstanding shares, is 182.23m.  Including today’s unusual volume, Zynerba Pharmaceuticals, Inc.‘s stock is performing at -3.40% on the year.  For the week, the stock is performing -4.80%.  Over the past month the firm’s stock is -12.08%, -21.73% for the last quarter, -16.57% for the past six-months and 43.43% for the last year.

Current levels places Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE)’s stock about -69.04% from the 50-day high and -48.89% away from the 50-day low.  

OFS Capital Corporation (NASDAQ:OFS) stock is experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $13.41.  The day’s total volume of 253060 this morning is in contrast from the three-month daily average of 53.35K.  When we divide the current volume by the three-month average volume, we get a relative volume of 5.57.

Looking Back

OFS Capital Corporation (NASDAQ:OFS)‘s market cap, the total dollar value of all of their outstanding shares, is 187.96m.  Including today’s unusual volume, OFS Capital Corporation‘s stock is performing at -0.73% on the year.  For the week, the stock is performing -3.67%.  Over the past month the firm’s stock is -2.64%, -4.81% for the last quarter, -4.81% for the past six-months and 0.89% for the last year.

Current levels places OFS Capital Corporation (NASDAQ:OFS)’s stock about -6.53% from the 50-day high and -0.86% away from the 50-day low.  

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