Short Interest in PharmChem, Inc. (OTCMKTS:PCHM) Increases By 400.0%

PharmChem, Inc. (OTCMKTS:PCHM) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, an increase of 400.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is presently 0.0 days.

PharmChem Stock Performance

PCHM stock remained flat at $3.15 during mid-day trading on Thursday. PharmChem has a 1 year low of $2.51 and a 1 year high of $4.00. The stock has a market capitalization of $14.64 million, a price-to-earnings ratio of 10.86 and a beta of 0.68. The firm has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.31.

PharmChem (OTCMKTS:PCHM) last posted its earnings results on Thursday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.52 million for the quarter.

About PharmChem

PharmChem, Inc provides PharmChek Sweat Patch that is used to detect drugs of abuse. Its PharmChek Sweat Patch uses sweat as the source and offers alternative to urine testing for cocaine, opiates, amphetamines, PCP, and marijuana. The company was incorporated in 2000 and is based in Fort Worth, Texas.