Short Interest in Applied DNA Sciences, Inc. (NASDAQ:APDN) Declines By 28.4%

Applied DNA Sciences, Inc. (NASDAQ:APDN) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 611,100 shares, a decline of 28.4% from the October 15th total of 853,200 shares. Based on an average trading volume of 11,550,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Applied DNA Sciences to a “sell” rating in a research report on Tuesday, September 17th.

Applied DNA Sciences Stock Performance

Shares of APDN opened at $0.18 on Thursday. Applied DNA Sciences has a 52 week low of $0.17 and a 52 week high of $22.80. The firm’s 50-day simple moving average is $0.64 and its 200 day simple moving average is $1.04.

Applied DNA Sciences Company Profile

Applied DNA Sciences, Inc, a biotechnology company, develops and commercializes technologies to produce and detect deoxyribonucleic acid (DNA) in the Americas, Europe, Asia, and internationally. It operates through three segments: Therapeutic DNA Production Services; MDx Testing Services; and DNA Tagging and Security Products and Services.