Applied Dna Sciences Inc (NASDAQ:BNBX) Sees Significant Decrease in Short Interest

Applied Dna Sciences Inc (NASDAQ:BNBX) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 55,360 shares, a drop of 60.5% from the May 31st total of 140,122 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 236,645 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Applied Dna Sciences in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Applied Dna Sciences Stock Down 4.4%

Shares of BNBX traded down $0.02 during trading hours on Monday, hitting $0.37. The stock had a trading volume of 25,229 shares, compared to its average volume of 532,992. Applied Dna Sciences has a 1-year low of $0.35 and a 1-year high of $7.15. The firm has a market cap of $2.68 million, a price-to-earnings ratio of -0.01 and a beta of 0.52. The business’s 50 day moving average is $0.47.

Applied Dna Sciences (NASDAQ:BNBX) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.68) earnings per share for the quarter. The firm had revenue of $1.02 million for the quarter. Applied Dna Sciences had a negative return on equity of 349.95% and a negative net margin of 1,647.25%.

About Applied Dna Sciences

Applied DNA Sciences is a U.S.-based biotechnology company that develops and commercializes molecular-level solutions for product authentication, supply chain security and forensic identification. The company’s technologies apply unique DNA markers and laboratory testing methods to tag, track and verify the authenticity of goods and materials, with the goal of combating counterfeiting, diversion and fraud across complex supply chains.

Central to Applied DNA’s offering is a suite of proprietary DNA-based markers and associated assays that can be incorporated into inks, fibers, coatings and other substrates to create tamper-evident, forensic-grade identifiers.