Short Interest in AquaBounty Technologies, Inc. (NASDAQ:AQB) Drops By 48.8%

AquaBounty Technologies, Inc. (NASDAQ:AQB) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 11,813 shares, a drop of 48.8% from the November 30th total of 23,090 shares. Based on an average daily trading volume, of 22,365 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 22,365 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AquaBounty Technologies in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AquaBounty Technologies stock. Two Sigma Investments LP acquired a new position in AquaBounty Technologies, Inc. (NASDAQ:AQB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,565 shares of the company’s stock, valued at approximately $84,000. Two Sigma Investments LP owned about 0.97% of AquaBounty Technologies as of its most recent filing with the Securities and Exchange Commission. 8.92% of the stock is currently owned by hedge funds and other institutional investors.

AquaBounty Technologies Stock Performance

Shares of AQB stock opened at $1.02 on Monday. The firm has a market cap of $3.96 million, a price-to-earnings ratio of -1.23 and a beta of 1.36. AquaBounty Technologies has a 52 week low of $0.50 and a 52 week high of $2.95. The firm’s 50-day simple moving average is $1.07 and its two-hundred day simple moving average is $1.09.

AquaBounty Technologies (NASDAQ:AQB) last released its earnings results on Tuesday, October 28th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.26.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.