Alliqua Biomedical Inc (NASDAQ:ALQA) Has Decline in Shorts

April 17, 2018 - By Peter Erickson

Alliqua BioMedical, Inc. (NASDAQ:ALQA) Logo

The stock of Alliqua Biomedical Inc (NASDAQ:ALQA) registered a decrease of 8.83% in short interest. ALQA’s total short interest was 196,200 shares in April as published by FINRA. Its down 8.83% from 215,200 shares, reported previously. With 30,100 shares average volume, it will take short sellers 7 days to cover their ALQA’s short positions. The short interest to Alliqua Biomedical Inc’s float is 5.98%.

The stock increased 2.60% or $0.06 during the last trading session, reaching $2.37. About 17,084 shares traded. Alliqua BioMedical, Inc. (NASDAQ:ALQA) has declined 69.15% since April 17, 2017 and is downtrending. It has underperformed by 80.70% the S&P500.

Alliqua BioMedical, Inc., a regenerative technologies company, commercializes regenerative medical products that assist the body in the repair or replacement of soft tissue. The company has market cap of $11.86 million. It markets MIST Ultrasound Healing Therapy, a painless, noncontact, low-frequency ultrasound to promote healing; Biovance Amniotic Membrane Allograft and Interfyl Human Connective Tissue Matrix that are human biologic regenerative technologies; and TheraBond 3D Antimicrobial Barrier Systems that promotes an optimal wound healing by creating an antimicrobial barrier that helps protect against infection. It currently has negative earnings. The firm also provides contract manufacturing services, including the development, manufacture, and market of high water content, electron beam cross-linked, aqueous polymer hydrogels, or gels used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics.

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