A Reversal for Aquabounty Technologies Inc (NASDAQ:AQB) Is Not Near. The Stock Has Rise in Shorts

September 16, 2018 - By Elizabeth Jones

The stock of Aquabounty Technologies Inc (NASDAQ:AQB) registered an increase of 6.64% in short interest. AQB’s total short interest was 269,800 shares in September as published by FINRA. Its up 6.64% from 253,000 shares, reported previously. With 37,000 shares average volume, it will take short sellers 7 days to cover their AQB’s short positions. The short interest to Aquabounty Technologies Inc’s float is 6.66%.

The stock decreased 6.93% or $0.21 during the last trading session, reaching $2.82. About 61,040 shares traded or 72.34% up from the average. AquaBounty Technologies, Inc. (NASDAQ:AQB) has declined 58.99% since September 16, 2017 and is downtrending. It has underperformed by 74.61% the S&P500.

AquaBounty Technologies, Inc., a biotechnology company, develops and markets products to enhance productivity in aquaculture. The company has market cap of $36.23 million. The Company’s lead product is the AquAdvantage Salmon, a genetically modified animal for human consumption. It currently has negative earnings. The firm was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004.

Another recent and important AquaBounty Technologies, Inc. (NASDAQ:AQB) news was published by Benzinga.com which published an article titled: “48 Biggest Movers From Yesterday” on September 12, 2018.

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