Advanced Biomed Inc. (NASDAQ:ADVB) Sees Large Decline in Short Interest

Advanced Biomed Inc. (NASDAQ:ADVBGet Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 13,424 shares, a drop of 72.7% from the April 15th total of 49,188 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,188 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Advanced Biomed in a research note on Monday, January 26th. They issued a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Research Report on ADVB

Advanced Biomed Stock Performance

Shares of NASDAQ:ADVB traded down $0.47 during midday trading on Wednesday, hitting $4.76. The company’s stock had a trading volume of 25,881 shares, compared to its average volume of 399,455. The business’s 50 day moving average is $5.18. The stock has a market cap of $6.47 million, a P/E ratio of 1.24 and a beta of 0.56. Advanced Biomed has a 12-month low of $3.61 and a 12-month high of $25.80.

Advanced Biomed Company Profile

(Get Free Report)

Our Mission We are committed to the application research of integrating semiconductor technology and biotechnology. Through the enrichment, capture, and identification of circulating tumor cells and related tumor marker cells in the field of liquid biopsy, we aim to provide cancer patients with rapid and affordable assay products and services. These services include early screening and detection, diagnosis and staging, treatment selection, and patient outcome interventions for cancer. We are a holding company incorporated in the State of Nevada.

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