Bion Environmental Technologies Inc. (OTCMKTS:BNET) Sees Significant Increase in Short Interest

Bion Environmental Technologies Inc. (OTCMKTS:BNET) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 33,378 shares, an increase of 1,036.1% from the September 30th total of 2,938 shares. Based on an average daily volume of 116,091 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Bion Environmental Technologies Stock Up 25.0%

Shares of Bion Environmental Technologies stock traded up $0.05 during trading on Monday, hitting $0.25. 25,500 shares of the stock traded hands, compared to its average volume of 27,758. The stock has a market cap of $14.53 million, a price-to-earnings ratio of -6.25 and a beta of 0.79. The firm’s fifty day moving average is $0.18 and its 200-day moving average is $0.19. Bion Environmental Technologies has a 52 week low of $0.08 and a 52 week high of $0.38.

Bion Environmental Technologies (OTCMKTS:BNET) last released its earnings results on Tuesday, September 29th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05).

Bion Environmental Technologies Company Profile

Bion Environmental Technologies, Inc (OTCMKTS:BNET) develops environmental technologies for the livestock industry, with a focus on treating and managing waste from concentrated animal feeding operations. Its systems are designed to reduce the environmental impacts associated with livestock production while supporting the recovery of useful resources from animal waste.

The company’s technology platform is intended to capture and process nutrients, including nitrogen and phosphorus, and reduce ammonia emissions, odors, pathogens and other pollutants.