Applied DNA Sciences, Inc. (NASDAQ:APDN) Sees Large Growth in Short Interest

Applied DNA Sciences, Inc. (NASDAQ:APDN) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,770,000 shares, an increase of 271.1% from the November 15th total of 477,000 shares. Based on an average daily volume of 4,590,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Applied DNA Sciences to a “sell” rating in a research note on Tuesday, September 17th.

Hedge Funds Weigh In On Applied DNA Sciences

An institutional investor recently bought a new position in Applied DNA Sciences stock. Jane Street Group LLC acquired a new stake in Applied DNA Sciences, Inc. (NASDAQ:APDN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 73,396 shares of the technology company’s stock, valued at approximately $48,000. Jane Street Group LLC owned approximately 0.24% of Applied DNA Sciences as of its most recent filing with the SEC. 22.22% of the stock is currently owned by institutional investors.

Applied DNA Sciences Stock Performance

Shares of APDN stock traded down $0.00 during mid-day trading on Wednesday, reaching $0.19. The company’s stock had a trading volume of 1,582,451 shares, compared to its average volume of 3,890,772. Applied DNA Sciences has a 1-year low of $0.14 and a 1-year high of $16.10. The company has a market cap of $9.85 million, a P/E ratio of -0.02 and a beta of 0.47. The firm’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.64.

Applied DNA Sciences Company Profile

Applied DNA Sciences, Inc, a biotechnology company, develops and commercializes technologies to produce and detect deoxyribonucleic acid (DNA) in the Americas, Europe, Asia, and internationally. It operates through three segments: Therapeutic DNA Production Services; MDx Testing Services; and DNA Tagging and Security Products and Services.