Shares of Illumina (ILMN +10%) ramp higher today, spiking up on heavy volume with no apparent...

|By:, SA News Editor

Shares of Illumina (ILMN +10%) ramp higher today, spiking up on heavy volume with no apparent news driving the move. Of note; short interest in the stock continues to inch higher, but days to cover has plummeted as average daily volume in the shares has nearly doubled since March, bringing it back to nearly 2M shares per day, a level it hasn't seen since January - and perhaps an indication of piquing institutional interest.