Lexaria Bioscience Corp. (NASDAQ:LEXXW) Short Interest Update

Lexaria Bioscience Corp. (NASDAQ:LEXXW) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,700 shares, a drop of 29.2% from the September 30th total of 2,400 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 0.3 days.

Lexaria Bioscience Stock Performance

Shares of LEXXW traded up $0.00 during midday trading on Monday, hitting $0.04. The company had a trading volume of 31,451 shares, compared to its average volume of 9,659. Lexaria Bioscience has a 1 year low of $0.02 and a 1 year high of $1.31. The company’s 50-day simple moving average is $0.07 and its 200-day simple moving average is $0.14.

Lexaria Bioscience Company Profile

Lexaria Bioscience Corp. operates as a biotechnology company. It develops and out-licenses its patented drug delivery technology, DehydraTECH, which combines lipophilic molecules or active pharmaceutical ingredients with specific long-chain fatty acids and carrier compounds that improve the way they enter the bloodstream, increasing their effectiveness and allowing for lower overall dosing while promoting healthier oral ingestion methods.