PharmChem, Inc. (OTCMKTS:PCHM) Sees Large Increase in Short Interest

PharmChem, Inc. (OTCMKTS:PCHM) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 400.0% from the February 28th total of 100 shares. Based on an average trading volume of 29,300 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

PharmChem Price Performance

OTCMKTS PCHM traded up $0.05 on Wednesday, reaching $3.15. The company had a trading volume of 3,000 shares, compared to its average volume of 7,600. The firm has a market cap of $14.64 million, a price-to-earnings ratio of 10.86 and a beta of 0.68. PharmChem has a fifty-two week low of $2.51 and a fifty-two week high of $4.00. The business has a 50 day moving average of $3.26 and a two-hundred day moving average of $3.31.

PharmChem (OTCMKTS:PCHM) last issued its earnings results on Thursday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.52 million during the quarter.

About PharmChem

PharmChem, Inc provides PharmChek Sweat Patch that is used to detect drugs of abuse. Its PharmChek Sweat Patch uses sweat as the source and offers alternative to urine testing for cocaine, opiates, amphetamines, PCP, and marijuana. The company was incorporated in 2000 and is based in Fort Worth, Texas.