Bonk, Inc. (NASDAQ:BNKK – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 834,243 shares, an increase of 761.1% from the April 30th total of 96,882 shares. Based on an average daily volume of 724,730 shares, the short-interest ratio is currently 1.2 days. Approximately 21.5% of the shares of the company are short sold.
Bonk Price Performance
NASDAQ BNKK traded up $0.23 during trading on Friday, reaching $1.99. The company’s stock had a trading volume of 1,410,690 shares, compared to its average volume of 962,500. The stock has a market capitalization of $15.90 million, a PE ratio of -0.41 and a beta of 1.97. The firm has a fifty day moving average of $2.45 and a 200 day moving average of $3.57. Bonk has a one year low of $1.53 and a one year high of $46.90.
Bonk (NASDAQ:BNKK – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.23) EPS for the quarter. Bonk had a negative return on equity of 148.62% and a negative net margin of 838.37%.The company had revenue of $0.79 million during the quarter.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Bonk
Insider Transactions at Bonk
In other news, Director Mitchell Austin Rudy acquired 31,055 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average cost of $2.82 per share, for a total transaction of $87,575.10. Following the purchase, the director owned 44,198 shares of the company’s stock, valued at approximately $124,638.36. The trade was a 236.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 51.60% of the company’s stock.
Institutional Investors Weigh In On Bonk
Several hedge funds have recently added to or reduced their stakes in BNKK. State Street Corp bought a new stake in Bonk during the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new stake in Bonk during the 4th quarter valued at $37,000. Jane Street Group LLC bought a new position in shares of Bonk during the fourth quarter valued at about $96,000. Finally, Geode Capital Management LLC bought a new position in shares of Bonk during the fourth quarter valued at about $128,000. Institutional investors own 12.55% of the company’s stock.
Bonk Company Profile
Safety Shot, Inc, a wellness and functional beverage company, engages in the research and development of over-the-counter products and intellectual property. Its products pipeline includes Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; NoStingz, a jellyfish sting prevention sunscreen; and JW-110 for the treatment of atopic dermatitis/eczema. The company primarily sell its products through third-party physical retail stores and partners. The company was formerly known as Jupiter Wellness, Inc and changed its name to Safety Shot, Inc in September 2023.
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