AquaBounty Technologies, Inc. (NASDAQ:AQB – Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 130,200 shares, a decrease of 13.7% from the February 13th total of 150,900 shares. Based on an average daily trading volume, of 478,500 shares, the short-interest ratio is presently 0.3 days. Currently, 3.4% of the company’s stock are sold short.
AquaBounty Technologies Stock Performance
AquaBounty Technologies stock opened at $0.60 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.02 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.32 million, a P/E ratio of -0.03 and a beta of 1.18. The stock’s 50 day moving average is $0.73 and its 200 day moving average is $0.90. AquaBounty Technologies has a twelve month low of $0.47 and a twelve month high of $2.22.
Institutional Trading of AquaBounty Technologies
A hedge fund recently raised its stake in AquaBounty Technologies stock. Epiq Partners LLC raised its holdings in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB – Free Report) by 423.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,000 shares of the company’s stock after purchasing an additional 72,000 shares during the period. Epiq Partners LLC owned approximately 2.30% of AquaBounty Technologies worth $56,000 at the end of the most recent quarter. Institutional investors own 8.92% of the company’s stock.
About AquaBounty Technologies
AquaBounty Technologies, Inc, a biotechnology company, operates in the aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It also operates salmon farms using proprietary technology. In addition, the company offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts.
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