BioNexus Gene Lab Corp. (NASDAQ:BGLC) Short Interest Up 7.3% in August

BioNexus Gene Lab Corp. (NASDAQ:BGLC) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 110,600 shares, an increase of 7.3% from the August 15th total of 103,100 shares. Based on an average daily volume of 136,800 shares, the short-interest ratio is presently 0.8 days. Currently, 1.4% of the shares of the stock are short sold.

BioNexus Gene Lab Trading Up 1.4 %

Shares of NASDAQ:BGLC opened at $0.45 on Tuesday. BioNexus Gene Lab has a 52-week low of $0.31 and a 52-week high of $3.39. The company has a fifty day moving average of $0.45 and a 200-day moving average of $0.55.

BioNexus Gene Lab (NASDAQ:BGLC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.01 EPS for the quarter. BioNexus Gene Lab had a negative return on equity of 23.07% and a negative net margin of 24.01%. The firm had revenue of $1.98 million for the quarter.

Hedge Funds Weigh In On BioNexus Gene Lab

A hedge fund recently raised its stake in BioNexus Gene Lab stock. Virtu Financial LLC grew its position in BioNexus Gene Lab Corp. (NASDAQ:BGLC) by 79.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,037 shares of the company’s stock after purchasing an additional 20,888 shares during the quarter. Virtu Financial LLC owned approximately 0.27% of BioNexus Gene Lab worth $33,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.85% of the company’s stock.

About BioNexus Gene Lab

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.