BioNxt Solutions Inc. (OTCMKTS:BNXTF) Stock Short Interest Drops 83.3%

BioNxt Solutions Inc. (OTCMKTS:BNXTF) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,000 shares, a drop of 83.3% from the September 30th total of 6,000 shares. Based on an average daily trading volume, of 11,286 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

BioNxt Solutions Stock Performance

Shares of BNXTF opened at $0.21 on Tuesday. The firm has a market cap of $28.58 million, a price-to-earnings ratio of -4.20 and a beta of 0.70. The stock has a 50 day moving average of $0.24 and a 200-day moving average of $0.32. BioNxt Solutions has a 52 week low of $0.10 and a 52 week high of $0.79.

BioNxt Solutions (OTCMKTS:BNXTF) last issued its quarterly earnings results on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter.

About BioNxt Solutions

BioNxt Solutions Inc is a Canadian life sciences company focused on developing pharmaceutical and diagnostic products using alternative drug-delivery technologies. Its platform work includes orally dissolvable films, transdermal delivery systems and related formulations intended to improve the convenience, dosing and absorption of established medicines.

The company’s development programs have included therapies for neurological and other medical conditions, as well as diagnostic applications.