Beyond Air, Inc. (NASDAQ:XAIR) Short Interest Update

Beyond Air, Inc. (NASDAQ:XAIR – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 2,170,000 shares, a growth of 26.9% from the April 15th total of 1,710,000 shares. Based on an average daily trading volume, of 353,200 shares, the short-interest ratio is presently 6.1 days.

Insider Activity at Beyond Air

In other news, COO Michael A. Gaul bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average cost of $5.86 per share, with a total value of $46,880.00. Following the transaction, the chief operating officer now directly owns 72,150 shares of the company’s stock, valued at approximately $422,799. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Michael A. Gaul bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average cost of $5.86 per share, with a total value of $46,880.00. Following the transaction, the chief operating officer now directly owns 72,150 shares of the company’s stock, valued at approximately $422,799. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven A. Lisi bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average cost of $6.46 per share, with a total value of $64,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,458,696 shares in the company, valued at $9,423,176.16. The disclosure for this purchase can be found here. Insiders bought 96,588 shares of company stock valued at $591,087 in the last three months. Corporate insiders own 15.58% of the company’s stock.

Hedge Funds Weigh In On Beyond Air

Hedge funds and other institutional investors have recently modified their holdings of the business. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Beyond Air in the 3rd quarter worth approximately $163,000. Tower Research Capital LLC TRC purchased a new position in shares of Beyond Air in the 1st quarter worth approximately $76,000. Knott David M Jr boosted its stake in shares of Beyond Air by 21.3% in the 1st quarter. Knott David M Jr now owns 121,300 shares of the company’s stock worth $819,000 after buying an additional 21,300 shares during the last quarter. Powell Investment Advisors LLC purchased a new position in shares of Beyond Air in the 1st quarter worth approximately $81,000. Finally, Coombe Bender & Co LLC purchased a new position in shares of Beyond Air in the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 19.05% of the company’s stock.

Beyond Air Stock Performance

Shares of XAIR opened at $5.57 on Friday. The stock has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $6.26. The firm has a market capitalization of $167.61 million, a P/E ratio of -2.89 and a beta of -0.32. Beyond Air has a 52 week low of $4.78 and a 52 week high of $11.76.

Beyond Air (NASDAQ:XAIR – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.01). On average, equities analysts forecast that Beyond Air will post -1.63 earnings per share for the current year.

Beyond Air Company Profile

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Beyond Air, Inc is a clinical-stage medical device and biopharmaceutical company. It engages in developing a nitric oxide generator and delivery system that uses nitric oxide generated from ambient air and delivers precise amounts of nitric oxide to the lungs for the potential treatment of respiratory and other diseases.