Gelteq Limited (NASDAQ:GELS) Short Interest Update

Gelteq Limited (NASDAQ:GELS) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 218,607 shares, an increase of 1,305.4% from the August 31st total of 15,555 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 14,143,777 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gelteq in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gelteq presently has a consensus rating of “Sell”.

Gelteq Price Performance

Shares of NASDAQ:GELS traded down $0.02 during midday trading on Friday, reaching $0.53. 7,283 shares of the company’s stock were exchanged, compared to its average volume of 2,573,778. The company’s 50 day simple moving average is $0.62 and its two-hundred day simple moving average is $0.64. Gelteq has a 12 month low of $0.39 and a 12 month high of $2.01.

Gelteq (NASDAQ:GELS) last posted its earnings results on Tuesday, June 30th. The company reported ($0.12) earnings per share for the quarter.

About Gelteq

Gelteq Limited is an Australia-based life sciences company that develops oral delivery solutions using proprietary gel technology. Its platform is designed to deliver active ingredients in formats intended to improve convenience, taste, stability and absorption compared with some traditional tablets, capsules and powders.

The company focuses on applications across the nutraceutical, pharmaceutical, consumer health and wellness sectors. Its products and development programs include gel-based formulations for vitamins, supplements and other active ingredients, with the technology intended to support a range of ingredients and delivery requirements.

Gelteq serves customers and commercialization partners from its Australian base and is focused on expanding the use of its delivery platform in international markets.