AquaBounty Technologies, Inc. (NASDAQ:AQB) Sees Large Decline in Short Interest

AquaBounty Technologies, Inc. (NASDAQ:AQB) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 82,700 shares, a drop of 14.0% from the October 15th total of 96,200 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 26,700 shares, the short-interest ratio is currently 3.1 days.

AquaBounty Technologies Price Performance

NASDAQ AQB opened at $1.00 on Friday. The stock’s fifty day moving average price is $1.14 and its 200 day moving average price is $1.44. AquaBounty Technologies has a 1 year low of $0.81 and a 1 year high of $4.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.02 and a quick ratio of 2.98. The company has a market cap of $3.87 million, a price-to-earnings ratio of -0.05 and a beta of 1.15.

AquaBounty Technologies (NASDAQ:AQB) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.88) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.88). The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.10 million. AquaBounty Technologies had a negative return on equity of 18.20% and a negative net margin of 5,842.69%. During the same period in the prior year, the company earned ($1.60) earnings per share. As a group, equities research analysts forecast that AquaBounty Technologies will post -4.86 earnings per share for the current year.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc, a biotechnology company, operates in the aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It also operates salmon farms using proprietary technology. In addition, the company offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts.