BioNexus Gene Lab Corp. (NASDAQ:BGLC) Short Interest Up 19.0% in July

BioNexus Gene Lab Corp. (NASDAQ:BGLC) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 224,800 shares, an increase of 19.0% from the June 30th total of 188,900 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 160,500 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On BioNexus Gene Lab

An institutional investor recently raised its position in BioNexus Gene Lab stock. Virtu Financial LLC grew its holdings in shares of BioNexus Gene Lab Corp. (NASDAQ:BGLC) by 79.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,037 shares of the company’s stock after acquiring an additional 20,888 shares during the period. Virtu Financial LLC owned about 0.27% of BioNexus Gene Lab worth $33,000 as of its most recent SEC filing. 18.85% of the stock is owned by hedge funds and other institutional investors.

BioNexus Gene Lab Price Performance

BGLC stock traded down $0.00 during trading on Monday, reaching $0.49. 17,110 shares of the company were exchanged, compared to its average volume of 758,984. The company has a 50-day moving average of $0.49 and a two-hundred day moving average of $0.60. BioNexus Gene Lab has a twelve month low of $0.31 and a twelve month high of $3.39.

BioNexus Gene Lab (NASDAQ:BGLC) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $2.38 million for the quarter. BioNexus Gene Lab had a negative return on equity of 30.74% and a negative net margin of 27.24%.

About BioNexus Gene Lab

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.