AquaBounty Technologies, Inc. (NASDAQ:AQB) Sees Significant Drop in Short Interest

AquaBounty Technologies, Inc. (NASDAQ:AQB) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 130,200 shares, a decrease of 13.7% from the February 13th total of 150,900 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 478,500 shares, the short-interest ratio is currently 0.3 days.

AquaBounty Technologies Stock Performance

AQB stock opened at $0.61 on Thursday. The stock’s 50 day simple moving average is $0.73 and its 200 day simple moving average is $0.90. The company has a current ratio of 3.02, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. AquaBounty Technologies has a 12-month low of $0.47 and a 12-month high of $2.20. The stock has a market capitalization of $2.35 million, a PE ratio of -0.03 and a beta of 1.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AquaBounty Technologies stock. Epiq Partners LLC boosted its holdings in AquaBounty Technologies, Inc. (NASDAQ:AQB) by 423.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,000 shares of the company’s stock after buying an additional 72,000 shares during the quarter. Epiq Partners LLC owned 2.30% of AquaBounty Technologies worth $56,000 at the end of the most recent quarter. 8.92% of the stock is currently owned by institutional investors and hedge funds.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc, a biotechnology company, operates in the aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It also operates salmon farms using proprietary technology. In addition, the company offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts.