Aquabounty Technologies Inc (NASDAQ:AQB) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 308,900 shares, an increase of 7.4% from the December 15th total of 287,600 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is currently 5.2 days. Approximately 2.7% of the shares of the company are short sold.
Shares of NASDAQ:AQB traded down $0.15 during trading on Friday, hitting $2.28. 1,324 shares of the company were exchanged, compared to its average volume of 105,994. The company has a market cap of $52.50 million, a PE ratio of -2.43 and a beta of 1.03. The stock has a 50 day moving average of $2.21 and a 200 day moving average of $2.66. Aquabounty Technologies has a 52-week low of $1.90 and a 52-week high of $5.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.61 and a quick ratio of 5.25.
Aquabounty Technologies (NASDAQ:AQB) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. Aquabounty Technologies had a negative net margin of 7,510.69% and a negative return on equity of 45.56%. Sell-side analysts forecast that Aquabounty Technologies will post -0.59 EPS for the current fiscal year.
Several research firms recently commented on AQB. ValuEngine upgraded Aquabounty Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Aquabounty Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, National Securities upgraded Aquabounty Technologies from a “neutral” rating to a “buy” rating in a research note on Monday.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Winthrop Advisory Group LLC purchased a new stake in shares of Aquabounty Technologies during the fourth quarter worth about $41,000. BlackRock Inc. lifted its holdings in Aquabounty Technologies by 95.5% in the second quarter. BlackRock Inc. now owns 51,195 shares of the company’s stock worth $158,000 after buying an additional 25,009 shares during the period. Morgan Stanley lifted its holdings in Aquabounty Technologies by 4.7% in the second quarter. Morgan Stanley now owns 179,028 shares of the company’s stock worth $550,000 after buying an additional 8,041 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Aquabounty Technologies by 17.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,874 shares of the company’s stock worth $935,000 after buying an additional 55,949 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Aquabounty Technologies by 17.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 373,874 shares of the company’s stock worth $935,000 after buying an additional 55,949 shares during the period. Institutional investors and hedge funds own 61.92% of the company’s stock.
About Aquabounty Technologies
AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.
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