Know Labs (NYSEAMERICAN:KNW) Shares Up 20.7% – Here’s What Happened

Know Labs, Inc. (NYSEAMERICAN:KNW)’s share price shot up 20.7% on Tuesday . The company traded as high as $0.19 and last traded at $0.19. 6,570,850 shares traded hands during trading, a decline of 45% from the average session volume of 11,854,487 shares. The stock had previously closed at $0.16.

Know Labs Price Performance

The firm has a market capitalization of $20.46 million, a price-to-earnings ratio of -0.95 and a beta of 1.50.

Hedge Funds Weigh In On Know Labs

An institutional investor recently raised its position in Know Labs stock. PFG Investments LLC lifted its position in shares of Know Labs, Inc. (NYSEAMERICAN:KNW) by 886.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 976,838 shares of the company’s stock after acquiring an additional 877,838 shares during the quarter. PFG Investments LLC owned 0.98% of Know Labs worth $280,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Know Labs Company Profile

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.