Nutriband Inc. (NASDAQ:NTRB) Sees Significant Decline in Short Interest

Nutriband Inc. (NASDAQ:NTRB) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 56,300 shares, a decrease of 14.3% from the May 31st total of 65,700 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are sold short.

Nutriband Price Performance

NASDAQ:NTRB opened at $5.40 on Friday. The stock has a fifty day moving average price of $4.69 and a 200-day moving average price of $3.56. The company has a current ratio of 6.16, a quick ratio of 6.04 and a debt-to-equity ratio of 0.03. Nutriband has a fifty-two week low of $1.53 and a fifty-two week high of $6.75.

Nutriband (NASDAQ:NTRB) last released its earnings results on Friday, May 31st. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $0.41 million for the quarter. Nutriband had a negative net margin of 315.56% and a negative return on equity of 71.77%.

Institutional Trading of Nutriband

An institutional investor recently bought a new position in Nutriband stock. Virtu Financial LLC purchased a new position in shares of Nutriband Inc. (NASDAQ:NTRB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,862 shares of the company’s stock, valued at approximately $58,000. Virtu Financial LLC owned approximately 0.12% of Nutriband as of its most recent filing with the SEC. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

About Nutriband

Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy.