Else Nutrn Hldg (OTCMKTS:BABYF) Short Interest Up 126.7% in May

Else Nutrn Hldg (OTCMKTS:BABYF) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 410,109 shares, a growth of 126.7% from the April 30th total of 180,903 shares. Based on an average daily trading volume, of 469,136 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the shares of the company are sold short.

Else Nutrn Trading Down 9.5%

Shares of Else Nutrn stock opened at $0.02 on Tuesday. The firm has a fifty day simple moving average of $0.03 and a 200-day simple moving average of $0.07. Else Nutrn has a 1-year low of $0.02 and a 1-year high of $0.80. The stock has a market capitalization of $867,732.10, a price-to-earnings ratio of -0.03 and a beta of 0.78.

Else Nutrn (OTCMKTS:BABYF) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter.

Else Nutrn Company Profile

Else Nutrition Holdings Inc is a plant-based infant and toddler nutrition company that develops dairy-free, soy-free and gluten-free formula powders under its flagship ELSE brand. The company’s core product line includes Stage 1 infant formula and Stage 3 toddler nutrition powders formulated with a proprietary blend of almond, buckwheat and tapioca ingredients designed to mimic the nutritional profile of traditional milk‐based formulas. These products are non-GMO and aim to address food sensitivities and allergen concerns in early childhood nutrition.

Founded in 2019 and headquartered in Tel Aviv, Israel, Else Nutrition began commercial sales in 2021 with initial distribution in Canada and Israel.