Janone Inc. (NASDAQ:ALTS) Short Interest Up 236.1% in August

Janone Inc. (NASDAQ:ALTS) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 358,300 shares, a growth of 236.1% from the August 15th total of 106,600 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 281,100 shares, the days-to-cover ratio is presently 1.3 days.

Janone Trading Down 4.0 %

ALTS traded down $0.09 during trading on Friday, hitting $2.18. The company had a trading volume of 316,134 shares, compared to its average volume of 259,124. Janone has a 1-year low of $0.22 and a 1-year high of $5.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50-day moving average of $2.06.

Janone Company Profile

JanOne Inc, a clinical-stage biopharmaceutical company, focuses on identifying, acquiring, licensing, developing, partnering, and commercializing novel, non-opioid, and non-addictive therapies to address the unmet medical need for the treatment of pain and addiction. It operates through three segments: Biotechnology, Recycling, and Technology.