AquaBounty Technologies, Inc. (NASDAQ:AQB) Short Interest Update

AquaBounty Technologies, Inc. (NASDAQ:AQB) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 87,359 shares, a growth of 12.9% from the March 31st total of 77,374 shares. Based on an average daily volume of 40,192 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.7% of the shares of the stock are short sold.

AquaBounty Technologies Price Performance

NASDAQ AQB opened at $0.93 on Friday. The company’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.01. AquaBounty Technologies has a 12 month low of $0.60 and a 12 month high of $2.95. The company has a market capitalization of $4.80 million, a P/E ratio of -1.12 and a beta of 1.36.

Institutional Trading of AquaBounty Technologies

A hedge fund recently raised its stake in AquaBounty Technologies stock. Renaissance Technologies LLC increased its holdings in AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,585 shares of the company’s stock after purchasing an additional 92,065 shares during the quarter. Renaissance Technologies LLC owned 3.14% of AquaBounty Technologies worth $113,000 at the end of the most recent quarter. 8.92% of the stock is currently owned by institutional investors and hedge funds.

About AquaBounty Technologies

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.