Applied Dna Sciences Inc (NASDAQ:BNBX) Short Interest Down 50.0% in May

Applied Dna Sciences Inc (NASDAQ:BNBX) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 116,017 shares, a decrease of 50.0% from the April 30th total of 231,818 shares. Based on an average daily trading volume, of 58,204 shares, the short-interest ratio is presently 2.0 days. Currently, 1.7% of the company’s shares are short sold.

Applied Dna Sciences Price Performance

Shares of BNBX traded up $0.11 during midday trading on Monday, reaching $0.54. 844,281 shares of the stock were exchanged, compared to its average volume of 604,651. Applied Dna Sciences has a 52 week low of $0.35 and a 52 week high of $7.15. The firm has a 50 day moving average price of $0.55. The company has a market capitalization of $3.89 million, a P/E ratio of -0.01 and a beta of 0.52.

Applied Dna Sciences (NASDAQ:BNBX) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.68) earnings per share for the quarter. Applied Dna Sciences had a negative net margin of 1,647.25% and a negative return on equity of 349.95%. The company had revenue of $1.02 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Applied Dna Sciences in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Applied Dna Sciences Company Profile

Applied DNA Sciences is a U.S.-based biotechnology company that develops and commercializes molecular-level solutions for product authentication, supply chain security and forensic identification. The company’s technologies apply unique DNA markers and laboratory testing methods to tag, track and verify the authenticity of goods and materials, with the goal of combating counterfeiting, diversion and fraud across complex supply chains.

Central to Applied DNA’s offering is a suite of proprietary DNA-based markers and associated assays that can be incorporated into inks, fibers, coatings and other substrates to create tamper-evident, forensic-grade identifiers.