Bion Environmental Technologies Inc. (OTCMKTS:BNET) Sees Significant Growth in Short Interest

Bion Environmental Technologies Inc. (OTCMKTS:BNET – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 33,378 shares, a growth of 1,036.1% from the September 30th total of 2,938 shares. Based on an average daily volume of 116,091 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Bion Environmental Technologies Price Performance

Shares of OTCMKTS BNET opened at $0.25 on Tuesday. The company has a market cap of $14.53 million, a PE ratio of -6.25 and a beta of 0.79. Bion Environmental Technologies has a 12 month low of $0.08 and a 12 month high of $0.38. The company has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.21.

Bion Environmental Technologies (OTCMKTS:BNET – Get Free Report) last announced its quarterly earnings data on Tuesday, September 29th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05).

Bion Environmental Technologies Company Profile

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Bion Environmental Technologies, Inc develops and commercializes environmental technologies for the livestock and agricultural industries. Its core focus is the treatment and conversion of animal waste generated by concentrated animal feeding operations and other large-scale livestock facilities.

The company’s proprietary systems are designed to manage manure and wastewater while reducing odors, ammonia emissions, pathogens, and greenhouse-gas emissions. The technology is also intended to recover useful resources, including renewable natural gas, concentrated fertilizer products, and other nutrients, helping support more sustainable livestock production.

Bion has historically pursued projects in the United States and has described its approach as an integrated waste-management and resource-recovery platform rather than a conventional manure-storage system.

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