Pressure BioSciences, Inc. (OTCMKTS:PBIO – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 20,000 shares, an increase of 83.5% from the May 15th total of 10,900 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 0.6 days.
Pressure BioSciences stock opened at $1.61 on Monday. The company’s 50-day moving average price is $1.74 and its two-hundred day moving average price is $2.00. Pressure BioSciences has a 52 week low of $1.55 and a 52 week high of $4.98.
Pressure BioSciences (OTCMKTS:PBIO – Get Rating) last released its earnings results on Thursday, May 19th. The company reported ($0.48) EPS for the quarter. The business had revenue of $0.48 million for the quarter.
Pressure BioSciences, Inc develops and sells pressure-based platform solutions in the North America, Europe, and Asia. The company's pressure cycling technology (PCT) technology uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to control the actions of molecules in biological samples, including cells and tissues from human, animal, plant, and microbial sources.
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