Applied Dna Sciences Inc (NASDAQ:BNBX) Short Interest Update

Applied Dna Sciences Inc (NASDAQ:BNBX) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 173,283 shares, a growth of 213.0% from the June 15th total of 55,360 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 271,228 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

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

Applied Dna Sciences Stock Down 56.8%

NASDAQ:BNBX opened at $0.16 on Tuesday. The firm has a 50-day moving average price of $0.43. Applied Dna Sciences has a fifty-two week low of $0.15 and a fifty-two week high of $7.15. The company has a market cap of $1.17 million, a PE ratio of -0.00 and a beta of 0.52.

Applied Dna Sciences (NASDAQ:BNBX) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.68) EPS for the quarter. Applied Dna Sciences had a negative return on equity of 349.95% and a negative net margin of 1,647.25%.The firm had revenue of $1.02 million for the quarter.

About Applied Dna Sciences

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.