Applied DNA Sciences, Inc. (NASDAQ:APDN – Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,000,000 shares, a drop of 46.5% from the February 13th total of 5,610,000 shares. Based on an average daily volume of 4,570,000 shares, the short-interest ratio is presently 0.7 days. Approximately 5.4% of the shares of the stock are short sold.
Applied DNA Sciences Stock Down 14.9 %
Applied DNA Sciences stock opened at $2.26 on Friday. Applied DNA Sciences has a 12-month low of $1.95 and a 12-month high of $522.00. The stock has a market capitalization of $124.73 million, a price-to-earnings ratio of -0.40 and a beta of 0.43. The stock has a 50-day simple moving average of $0.21 and a 200 day simple moving average of $0.43.
Applied DNA Sciences (NASDAQ:APDN – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.24). Applied DNA Sciences had a negative net margin of 228.12% and a negative return on equity of 101.57%. As a group, sell-side analysts anticipate that Applied DNA Sciences will post -0.87 EPS for the current year.
Hedge Funds Weigh In On Applied DNA Sciences
About Applied DNA Sciences
Applied DNA Sciences, Inc, a biotechnology company, develops and commercializes technologies to produce and detect deoxyribonucleic acid (DNA) in the Americas, Europe, Asia, and internationally. It operates through three segments: Therapeutic DNA Production Services; MDx Testing Services; and DNA Tagging and Security Products and Services.
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