Biomerica, Inc. (NASDAQ:BMRA – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 143,900 shares, a drop of 65.7% from the February 13th total of 419,000 shares. Based on an average daily volume of 7,140,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.9% of the company’s stock are short sold.
Biomerica Price Performance
Biomerica stock traded up $0.05 during trading hours on Friday, hitting $0.62. The company had a trading volume of 194,236 shares, compared to its average volume of 2,215,613. Biomerica has a fifty-two week low of $0.24 and a fifty-two week high of $1.27. The firm has a market capitalization of $11.40 million, a P/E ratio of -1.83 and a beta of -1.16. The firm’s fifty day moving average is $0.62 and its 200-day moving average is $0.43.
Biomerica (NASDAQ:BMRA – Get Free Report) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter. Biomerica had a negative return on equity of 90.19% and a negative net margin of 100.52%.
Hedge Funds Weigh In On Biomerica
About Biomerica
Biomerica, Inc, a biomedical technology company, develops, patents, manufactures, and markets diagnostic and therapeutic products for the detection and/or treatment of medical conditions and diseases worldwide. The company's diagnostic test kits are used to analyze blood, urine, nasal or fecal specimens from patients in the diagnosis of various diseases, food intolerances, and other medical complications; or to measure bacteria, hormones, antibodies, antigens, or other substances which may exist in the human body, stools, or blood in extremely small concentrations.
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