Applied Dna Sciences Inc (NASDAQ:BNBX) Sees Significant Decrease in Short Interest

Applied Dna Sciences Inc (NASDAQ:BNBX) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 231,818 shares, a decrease of 64.2% from the April 15th total of 647,929 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average trading volume of 3,279,719 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Applied Dna Sciences in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Applied Dna Sciences Price Performance

Shares of NASDAQ BNBX traded down $0.03 during midday trading on Friday, hitting $0.44. 51,726 shares of the company’s stock traded hands, compared to its average volume of 1,940,461. Applied Dna Sciences has a 1 year low of $0.44 and a 1 year high of $12.09. The stock has a market capitalization of $2.49 million, a PE ratio of 0.00 and a beta of 0.58. The company has a fifty day moving average price of $0.62.

Applied Dna Sciences (NASDAQ:BNBX) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.68) EPS for the quarter.

Applied Dna Sciences Company Profile

Applied DNA Sciences is a U.S.-based biotechnology company that develops and commercializes molecular-level solutions for product authentication, supply chain security and forensic identification. The company’s technologies apply unique DNA markers and laboratory testing methods to tag, track and verify the authenticity of goods and materials, with the goal of combating counterfeiting, diversion and fraud across complex supply chains.

Central to Applied DNA’s offering is a suite of proprietary DNA-based markers and associated assays that can be incorporated into inks, fibers, coatings and other substrates to create tamper-evident, forensic-grade identifiers.