Nutriband Inc. (NASDAQ:NTRBW) Shares Shorted: Short Interest Up 144.1% in September

Nutriband Inc. (NASDAQ:NTRBW) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,262 shares, an increase of 144.1% from the August 31st total of 1,746 shares. Based on an average daily trading volume, of 5,275 shares, the short-interest ratio is currently 0.8 days.

Nutriband Stock Performance

NTRBW stock traded up $0.35 on Monday, reaching $1.66. The company’s stock had a trading volume of 45,473 shares, compared to its average volume of 5,013. Nutriband has a 52 week low of $0.17 and a 52 week high of $2.99. The firm has a fifty day moving average of $0.60 and a two-hundred day moving average of $0.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Nutriband stock. Empery Asset Management LP purchased a new stake in shares of Nutriband Inc. (NASDAQ:NTRBW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband accounts for approximately 0.1% of Empery Asset Management LP’s investment portfolio, making the stock its 20th largest holding.

Nutriband Company Profile

Nutriband Inc is a medical technology company focused on the development, manufacturing and commercialization of transdermal and topical delivery systems. Its products are designed to deliver active pharmaceutical ingredients, nutraceuticals and other compounds through the skin using adhesive patches.

The company’s product portfolio includes consumer wellness patches and pharmaceutical delivery technologies. Nutriband has also developed Aversa, an abuse-deterrent transdermal system intended to help reduce the risk of drug extraction and misuse from certain prescription patches, including fentanyl patches.