Nutriband Inc. (NASDAQ:NTRB) Sees Large Increase in Short Interest

Nutriband Inc. (NASDAQ:NTRB) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 49,100 shares, a growth of 35.3% from the March 31st total of 36,300 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 43,100 shares, the days-to-cover ratio is currently 1.1 days.

Nutriband Stock Performance

Nutriband stock opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.79 and a quick ratio of 2.54. Nutriband has a 12 month low of $1.53 and a 12 month high of $5.93. The company has a market cap of $27.80 million, a price-to-earnings ratio of -5.30 and a beta of 0.86. The stock’s 50-day moving average is $3.28 and its 200-day moving average is $2.77.

About Nutriband

Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy.