Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 21,780,000 shares, a growth of 9.4% from the March 15th total of 19,900,000 shares. Currently, 14.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,790,000 shares, the short-interest ratio is presently 12.2 days.
Butterfly Network Stock Down 4.0 %
Shares of NYSE BFLY traded down $0.04 during mid-day trading on Wednesday, reaching $0.90. The company had a trading volume of 646,276 shares, compared to its average volume of 1,123,231. Butterfly Network has a one year low of $0.76 and a one year high of $2.79. The business’s 50-day simple moving average is $1.07 and its 200 day simple moving average is $1.03.
Butterfly Network (NYSE:BFLY – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. The business had revenue of $16.52 million during the quarter, compared to the consensus estimate of $15.98 million. Sell-side analysts forecast that Butterfly Network will post -0.45 earnings per share for the current fiscal year.
Institutional Trading of Butterfly Network
About Butterfly Network
Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.
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