Biopharmx Corp (NYSEAMERICAN:BPMX) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,130,469 shares, a growth of 16.2% from the February 28th total of 10,443,253 shares. Currently, 11.7% of the shares of the stock are short sold. Based on an average trading volume of 25,386,385 shares, the short-interest ratio is presently 0.5 days.
In other news, major shareholder Vivo Capital Viii, Llc sold 2,000,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $0.36, for a total value of $720,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently bought a new stake in Biopharmx stock. Sabby Management LLC acquired a new stake in Biopharmx Corp (NYSEAMERICAN:BPMX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,713,756 shares of the biotechnology company’s stock, valued at approximately $740,000. Sabby Management LLC owned 5.27% of Biopharmx as of its most recent SEC filing.
Biopharmx (NYSEAMERICAN:BPMX) remained flat at $$0.28 during midday trading on Monday. 6,664,117 shares of the company’s stock were exchanged, compared to its average volume of 15,995,425. The firm has a market capitalization of $45.42, a price-to-earnings ratio of -1.04 and a beta of 0.43. Biopharmx has a one year low of $0.10 and a one year high of $0.90.
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BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.
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