New interest in BPMX lately? How about a decrease
Post# of 223
Posted On: 06/01/2016 9:39:29 PM
New interest in BPMX lately? How about a decrease in interest!
Biopharmx Corporation (NYSEMKT:BPMX) registered a decrease of 32.09% in short interest. BPMX’s total short interest was 92,900 shares in June as published by FINRA. Its down 32.09% from 136,800 shares, reported previously. With 49,800 shares average volume, it will take short sellers 2 days to cover their BPMX’s short positions. The short interest to Biopharmx Corporation’s float is 0.5%. The stock is down 0.40% or $0.002 after the news, hitting $0.63 per share. About 18,122 shares traded hands. Biopharmx Corp (NYSEMKT:BPMX) has declined 39.42% since October 23, 2015 and is downtrending. It has underperformed by 40.47% the S&P500.
The good news in all of this?
The only way short interest is reduced is if traders who have sold stock short, buy the shares back. If the overall short interest of a stock is declining, it means that many of the traders who are short the stock have covered those short positions.
Biopharmx Corporation (NYSEMKT:BPMX) registered a decrease of 32.09% in short interest. BPMX’s total short interest was 92,900 shares in June as published by FINRA. Its down 32.09% from 136,800 shares, reported previously. With 49,800 shares average volume, it will take short sellers 2 days to cover their BPMX’s short positions. The short interest to Biopharmx Corporation’s float is 0.5%. The stock is down 0.40% or $0.002 after the news, hitting $0.63 per share. About 18,122 shares traded hands. Biopharmx Corp (NYSEMKT:BPMX) has declined 39.42% since October 23, 2015 and is downtrending. It has underperformed by 40.47% the S&P500.
The good news in all of this?
The only way short interest is reduced is if traders who have sold stock short, buy the shares back. If the overall short interest of a stock is declining, it means that many of the traders who are short the stock have covered those short positions.
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