Ibio Inc (NYSEAMERICAN:IBIO) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,114,394 shares, a drop of 7.6% from the February 15th total of 1,206,676 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 636,692 shares, the days-to-cover ratio is currently 1.8 days.
Ibio (IBIO) opened at $0.27 on Monday. Ibio has a 52 week low of $0.14 and a 52 week high of $0.56. The firm has a market cap of $27.71, a price-to-earnings ratio of -1.48 and a beta of 0.30.
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iBio, Inc is a biotechnology company. The Company is focused on commercializing its technologies and product candidates and providing product development and manufacturing services to clients and collaborators. Its technologies include iBioLaunch technology and iBioModulator. The Company’s technologies constitute a transformative platform for development and production of biologics in hydroponically grown green plants.
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