Short Interest in BioNexus Gene Lab Corp. (NASDAQ:BGLC) Rises By 19.0%

BioNexus Gene Lab Corp. (NASDAQ:BGLC) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 224,800 shares, a growth of 19.0% from the June 30th total of 188,900 shares. Based on an average trading volume of 160,500 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.9% of the shares of the company are sold short.

Institutional Trading of BioNexus Gene Lab

A hedge fund recently raised its stake in BioNexus Gene Lab stock. Virtu Financial LLC increased its stake in shares of BioNexus Gene Lab Corp. (NASDAQ:BGLC) by 79.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 47,037 shares of the company’s stock after purchasing an additional 20,888 shares during the period. Virtu Financial LLC owned 0.27% of BioNexus Gene Lab worth $33,000 as of its most recent SEC filing. 18.85% of the stock is owned by institutional investors and hedge funds.

BioNexus Gene Lab Stock Down 3.1 %

Shares of BGLC stock traded down $0.02 on Friday, hitting $0.49. 51,409 shares of the stock were exchanged, compared to its average volume of 122,678. BioNexus Gene Lab has a one year low of $0.31 and a one year high of $3.87. The firm’s 50 day moving average is $0.49 and its two-hundred day moving average is $0.60.

BioNexus Gene Lab (NASDAQ:BGLC) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $2.38 million for the quarter. BioNexus Gene Lab had a negative return on equity of 30.74% and a negative net margin of 27.24%.

About BioNexus Gene Lab

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.