Time to Reconsider BIONIK LABORATORIES CORPORATION (OTCMKTS:BNKL) After More Short Sellers?

September 17, 2017 - By Winifred Garcia

The stock of BIONIK LABORATORIES CORPORATION (OTCMKTS:BNKL) registered an increase of 181.25% in short interest. BNKL’s total short interest was 4,500 shares in September as published by FINRA. Its up 181.25% from 1,600 shares, reported previously. With 73,500 shares average volume, it will take short sellers 0 days to cover their BNKL’s short positions.

The stock increased 6.82% or $0.015 on September 15, reaching $0.235. About 93,223 shares traded or 122.38% up from the average. Bionik Laboratories Corp (OTCMKTS:BNKL) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Bionik Laboratories Corp. , formerly Drywave Technologies, Inc., is a medical device and robotics company. The company has market cap of $8.35 million. The Firm is focused on providing rehabilitation solutions and developing transformational technologies and solutions to individuals with neurological disorders, specializing in the designing, developing and commercializing of physical rehabilitation technologies, prosthetics and assisted robotic products. It currently has negative earnings. It has over three products on the market and approximately three products in various stages of development.

More notable recent Bionik Laboratories Corp (OTCMKTS:BNKL) news were published by: Prnewswire.com which released: “Bionik Laboratories and Wistron Corporation Partner to Develop Exoskeleton …” on June 26, 2017, also Prnewswire.com with their article: “Bionik Laboratories Corp. Completes Integration of Amazon Echo into its ARKE …” published on August 08, 2017, Prnewswire.com published: “Bionik Laboratories, Inc. to Present at the 2017 Marcum MicroCap Conference” on June 06, 2017. More interesting news about Bionik Laboratories Corp (OTCMKTS:BNKL) were released by: Gurufocus.com and their article: “Bionik Laboratories Corp. Featured in Fortune and The Verge for Integration of …” published on August 23, 2017 as well as Prnewswire.com‘s news article titled: “Bionik Laboratories Corp. Issues Letter to Shareholders” with publication date: August 22, 2017.

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