Janone Inc. (NASDAQ:ALTS) Sees Large Increase in Short Interest

Janone Inc. (NASDAQ:ALTS) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 126,700 shares, a growth of 57.0% from the November 30th total of 80,700 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 175,400 shares, the short-interest ratio is currently 0.7 days.

Janone Stock Up 2.8 %

Shares of NASDAQ:ALTS traded up $0.12 during midday trading on Friday, reaching $4.45. 210,709 shares of the company’s stock were exchanged, compared to its average volume of 236,021. The stock has a 50 day moving average price of $2.86. Janone has a fifty-two week low of $0.50 and a fifty-two week high of $5.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.96.

Janone Company Profile

JanOne Inc, a clinical-stage biopharmaceutical company, focuses on identifying, acquiring, licensing, developing, partnering, and commercializing novel, non-opioid, and non-addictive therapies to address the unmet medical need for the treatment of pain and addiction. It operates through three segments: Biotechnology, Recycling, and Technology.