Taronis Technologies Inc (NASDAQ:TRNX) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 3,607,200 shares, a drop of 19.0% from the July 31st total of 4,454,700 shares. Based on an average daily volume of 3,830,000 shares, the short-interest ratio is currently 0.9 days. Approximately 21.7% of the shares of the stock are sold short.

Separately, Zacks Investment Research downgraded Taronis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.

NASDAQ TRNX traded up $0.04 during mid-day trading on Friday, hitting $2.16. The stock had a trading volume of 651,942 shares, compared to its average volume of 2,498,805. Taronis Technologies has a 52-week low of $0.64 and a 52-week high of $68.00. The stock has a 50 day moving average price of $1.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.11 and a quick ratio of 0.68.

Taronis Technologies (NASDAQ:TRNX) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.14). Taronis Technologies had a negative net margin of 122.22% and a negative return on equity of 76.07%. The firm had revenue of $5.86 million during the quarter, compared to analysts’ expectations of $6.02 million. On average, research analysts expect that Taronis Technologies will post -4.05 earnings per share for the current fiscal year.

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