Aquabounty Technologies Inc (NASDAQ:AQB)’s Stock Is Buy After Less Market Selling

June 18, 2018 - By Louis Casey

The stock of Aquabounty Technologies Inc (NASDAQ:AQB) registered a decrease of 7.6% in short interest. AQB’s total short interest was 268,700 shares in June as published by FINRA. Its down 7.6% from 290,800 shares, reported previously. With 303,800 shares average volume, it will take short sellers 1 days to cover their AQB’s short positions. The short interest to Aquabounty Technologies Inc’s float is 30.77%.

The stock increased 3.18% or $0.09 during the last trading session, reaching $2.92. About 11,040 shares traded. AquaBounty Technologies, Inc. (NASDAQ:AQB) has declined 64.16% since June 18, 2017 and is downtrending. It has underperformed by 76.73% the S&P500.

AquaBounty Technologies, Inc., a biotechnology company, develops and markets products to enhance productivity in aquaculture. The company has market cap of $37.45 million. The Company’s lead product is the AquAdvantage Salmon, a genetically modified animal for human consumption. It currently has negative earnings. The firm was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004.

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