Short Interest in Biopharmx Corp (BPMX) Increases By 7.7%
Biopharmx Corp (NYSE:BPMX) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,599,284 shares, an increase of 7.7% from the October 13th total of 4,271,767 shares. Approximately 8.0% of the shares of the company are short sold. Based on an average trading volume of 1,541,571 shares, the days-to-cover ratio is currently 3.0 days.
Shares of Biopharmx Corp (NYSE:BPMX) opened at $0.19 on Tuesday. Biopharmx Corp has a 1-year low of $0.16 and a 1-year high of $0.90.
Biopharmx Corp (NYSE:BPMX) last issued its quarterly earnings results on Wednesday, September 13th. The biotechnology company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The firm had revenue of $0.02 million for the quarter, compared to analyst estimates of $0.02 million. Biopharmx Corp had a negative return on equity of 5,749.08% and a negative net margin of 22,005.88%.
In related news, major shareholder Vivo Capital Viii, Llc sold 296,394 shares of Biopharmx Corp stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $0.20, for a total transaction of $59,278.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several brokerages have commented on BPMX. Maxim Group reissued a “buy” rating and issued a $1.50 price objective (down from $3.00) on shares of Biopharmx Corp in a report on Wednesday, September 13th. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Biopharmx Corp in a report on Tuesday, September 19th.
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Biopharmx Corp Company Profile
BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.
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