Janone Inc. (NASDAQ:ALTS) Sees Large Drop in Short Interest

Janone Inc. (NASDAQ:ALTS) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 221,000 shares, a drop of 37.7% from the September 15th total of 355,000 shares. Based on an average daily trading volume, of 290,700 shares, the short-interest ratio is currently 0.8 days. Approximately 1.9% of the company’s stock are sold short.

Janone Stock Up 3.4 %

Shares of NASDAQ ALTS opened at $1.81 on Friday. The business’s 50-day simple moving average is $2.03. Janone has a 1 year low of $0.29 and a 1 year high of $5.26. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.69.

About Janone

JanOne Inc, a clinical-stage biopharmaceutical company, focuses on identifying, acquiring, licensing, developing, partnering, and commercializing novel, non-opioid, and non-addictive therapies to address the unmet medical need for the treatment of pain and addiction. It operates through three segments: Biotechnology, Recycling, and Technology.