Genetic Technologies Limited (NASDAQ:GENE) Sees Large Growth in Short Interest

Genetic Technologies Limited (NASDAQ:GENEGet Free Report) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 25,900 shares, a growth of 48.0% from the October 15th total of 17,500 shares. Based on an average trading volume of 15,700 shares, the short-interest ratio is presently 1.6 days.

Genetic Technologies Price Performance

GENE remained flat at $0.77 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. Genetic Technologies has a 52-week low of $0.67 and a 52-week high of $3.77. The firm has a 50 day moving average of $0.77 and a 200-day moving average of $1.20.

Institutional Trading of Genetic Technologies

An institutional investor recently bought a new position in Genetic Technologies stock. BNP Paribas Financial Markets acquired a new stake in Genetic Technologies Limited (NASDAQ:GENEFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,100 shares of the biotechnology company’s stock, valued at approximately $26,000. BNP Paribas Financial Markets owned about 0.24% of Genetic Technologies at the end of the most recent reporting period. Institutional investors own 0.63% of the company’s stock.

About Genetic Technologies

(Get Free Report)

Genetic Technologies Limited, a molecular diagnostics company, provides predictive genetic testing and risk assessment tools to help physicians manage people's health in the America, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. It operates through AffinityDNA, EasyDNA, and GeneType/Corporate segments.

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