Short Interest in AquaBounty Technologies, Inc. (NASDAQ:AQB) Declines By 8.0%

AquaBounty Technologies, Inc. (NASDAQ:AQBGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 158,300 shares, a decrease of 8.0% from the February 29th total of 172,100 shares. Currently, 4.4% of the shares of the company are sold short. Based on an average daily volume of 39,700 shares, the days-to-cover ratio is presently 4.0 days.

AquaBounty Technologies Stock Up 1.5 %

AQB stock opened at $2.02 on Monday. The business’s 50-day simple moving average is $2.33 and its 200 day simple moving average is $2.79. The company has a quick ratio of 1.80, a current ratio of 1.97 and a debt-to-equity ratio of 0.04. The company has a market cap of $7.78 million, a PE ratio of -0.29 and a beta of 1.34. AquaBounty Technologies has a twelve month low of $1.57 and a twelve month high of $12.71.

Institutional Trading of AquaBounty Technologies

Several institutional investors have recently modified their holdings of AQB. Dimensional Fund Advisors LP bought a new stake in AquaBounty Technologies in the 4th quarter valued at $39,000. Jane Street Group LLC acquired a new position in AquaBounty Technologies in the second quarter worth about $31,000. AQR Capital Management LLC lifted its stake in AquaBounty Technologies by 92.0% during the second quarter. AQR Capital Management LLC now owns 91,620 shares of the company’s stock worth $157,000 after purchasing an additional 43,900 shares during the period. Bank of Montreal Can bought a new position in shares of AquaBounty Technologies during the 2nd quarter worth approximately $179,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of AquaBounty Technologies by 64.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 107,013 shares of the company’s stock valued at $183,000 after purchasing an additional 42,013 shares in the last quarter. Institutional investors and hedge funds own 8.92% of the company’s stock.

About AquaBounty Technologies

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AquaBounty Technologies, Inc, a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology.

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