Artelo Biosciences, Inc. (NASDAQ:ARTL) Short Interest Update

Artelo Biosciences, Inc. (NASDAQ:ARTL) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 13,700 shares, a growth of 39.8% from the May 31st total of 9,800 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is currently 1.2 days.

Artelo Biosciences Stock Up 2.9 %

Artelo Biosciences stock opened at $1.34 on Monday. Artelo Biosciences has a twelve month low of $1.15 and a twelve month high of $2.98. The stock has a market cap of $4.33 million, a P/E ratio of -0.42 and a beta of 1.43. The company’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.43.

Artelo Biosciences (NASDAQ:ARTL) last announced its earnings results on Monday, May 13th. The company reported ($0.78) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.27. Equities analysts anticipate that Artelo Biosciences will post -2.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Artelo Biosciences in a research report on Wednesday, June 5th.

Artelo Biosciences Company Profile

Artelo Biosciences, Inc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics that target lipid-signaling pathways in the United States. It's product candidate pipeline includes ART27.13, a synthetic dual cannabinoid G protein-coupled receptor agonist, which is in Phase 1b/2a clinical trial for the treatment of anorexia associated with cancer; ART12.11, a synthetic cannabidiol cocrystal for the treatment anxiety, post-traumatic stress disorder, epilepsy, inflammatory bowel disease, and other potential indications; and ART26.12, a fatty acid binding protein 5 inhibitor for treating chemotherapy induced peripheral neuropathy, diabetic neuropathy, prostate cancer and breast cancer, pain, dermatologic conditions, and anxiety disorders.