Biostem Technologies, Inc. (NASDAQ:BSEM) Short Interest Down 78.5% in August

Biostem Technologies, Inc. (NASDAQ:BSEM) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 119,203 shares, a decline of 78.5% from the August 15th total of 554,233 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 89,169 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

BSEM has been the subject of a number of recent analyst reports. Wall Street Zen raised Biostem Technologies to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings started coverage on Biostem Technologies in a research note on Wednesday, August 19th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Biostem Technologies currently has an average rating of “Sell”.

Biostem Technologies Stock Up 3.1%

BSEM stock traded up $0.13 during midday trading on Friday, reaching $4.31. The stock had a trading volume of 142,954 shares, compared to its average volume of 101,893. The business has a fifty day simple moving average of $3.64 and a two-hundred day simple moving average of $4.46. The firm has a market cap of $76.93 million, a price-to-earnings ratio of -2.69 and a beta of 0.12. Biostem Technologies has a twelve month low of $2.25 and a twelve month high of $8.40.

Biostem Technologies Company Profile

BioStem Technologies, Inc (NASDAQ: BSEM) is a biotechnology company focused on regenerative medicine and biologic tissue products. Through its operating businesses, the company develops, manufactures and distributes human tissue allografts intended to support wound care, surgical procedures and other regenerative applications.

Its product portfolio includes placental-tissue-based products, including amniotic membrane and related graft technologies. These products are designed for use by health-care professionals in applications such as wound management and tissue repair.