Ainos, Inc. (NASDAQ:AIMD) Sees Significant Decrease in Short Interest
by Michael Walen · The Markets DailyAinos, Inc. (NASDAQ:AIMD – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 18,552 shares, a decrease of 79.8% from the May 31st total of 91,823 shares. Based on an average daily volume of 66,646 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
Ainos Trading Down 3.9%
Shares of AIMD traded down $0.07 during mid-day trading on Friday, reaching $1.73. The company had a trading volume of 22,117 shares, compared to its average volume of 66,730. Ainos has a fifty-two week low of $1.26 and a fifty-two week high of $4.50. The firm has a fifty day simple moving average of $1.90 and a 200-day simple moving average of $1.79. The stock has a market cap of $14.74 million, a price-to-earnings ratio of -0.60 and a beta of 2.41. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 1.58.
Ainos (NASDAQ:AIMD – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($0.41) earnings per share for the quarter. Ainos had a negative return on equity of 160.55% and a negative net margin of 11,912.10%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Ainos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ainos currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on AIMD
Insider Transactions at Ainos
In other news, Director Chun-Jung Tsai sold 27,718 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1.87, for a total transaction of $51,832.66. Following the sale, the director owned 658,199 shares in the company, valued at $1,230,832.13. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ting-Chuan Lee sold 109,988 shares of Ainos stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1.90, for a total value of $208,977.20. Following the completion of the sale, the director directly owned 807,417 shares of the company’s stock, valued at approximately $1,534,092.30. This represents a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 7,800 shares of company stock worth $15,946 and have sold 179,788 shares worth $359,247. Insiders own 9.79% of the company’s stock.
Hedge Funds Weigh In On Ainos
A number of large investors have recently modified their holdings of the company. Mariner LLC acquired a new position in shares of Ainos in the 4th quarter valued at about $37,000. Two Sigma Investments LP purchased a new position in Ainos in the third quarter valued at approximately $80,000. DRW Securities LLC lifted its position in Ainos by 272.6% during the fourth quarter. DRW Securities LLC now owns 66,211 shares of the company’s stock valued at $109,000 after buying an additional 48,439 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Ainos by 13.1% during the fourth quarter. Renaissance Technologies LLC now owns 66,300 shares of the company’s stock valued at $109,000 after buying an additional 7,700 shares in the last quarter.
Ainos Company Profile
Ainos, Inc (NASDAQ: AIMD) is a clinical‐stage biopharmaceutical company dedicated to developing inhalation therapies for patients with chronic pulmonary disorders. The company’s proprietary platform centers on a dry powder inhalation technology designed to deliver therapeutic agents directly to the lungs, potentially improving drug distribution and reducing systemic side effects compared to traditional oral or intravenous formulations.
The lead product candidate, AI‐401, is an inhaled formulation of ibuprofen in a dry powder format.