Nutriband Inc. (NASDAQ:NTRBW) Sees Significant Growth in Short Interest
by Sarita Garza · The Markets DailyNutriband Inc. (NASDAQ:NTRBW – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 4,262 shares, an increase of 144.1% from the August 31st total of 1,746 shares. Based on an average trading volume of 5,275 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Trading of Nutriband
A hedge fund recently bought a new stake in Nutriband stock. Empery Asset Management LP purchased a new position in shares of Nutriband Inc. (NASDAQ:NTRBW – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband makes up 0.1% of Empery Asset Management LP’s holdings, making the stock its 20th largest holding.
Nutriband Trading Down 47.6%
Shares of NTRBW traded down $1.19 during mid-day trading on Friday, reaching $1.31. The company had a trading volume of 14,230 shares, compared to its average volume of 4,509. The company’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.96. Nutriband has a 1-year low of $0.17 and a 1-year high of $2.99.
Nutriband Company Profile
Nutriband Inc is a medical technology company focused on the development, manufacturing and commercialization of transdermal and topical delivery systems. Its products are designed to deliver active pharmaceutical ingredients, nutraceuticals and other compounds through the skin using adhesive patches.
The company’s product portfolio includes consumer wellness patches and pharmaceutical delivery technologies. Nutriband has also developed Aversa, an abuse-deterrent transdermal system intended to help reduce the risk of drug extraction and misuse from certain prescription patches, including fentanyl patches.