Biorestorative Therapies, Inc. (NASDAQ:BRTX – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 99,687 shares, a drop of 78.5% from the July 30th total of 463,966 shares. Based on an average daily volume of 298,477 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.
Biorestorative Therapies Stock Performance
Shares of NASDAQ:BRTX opened at $0.22 on Wednesday. Biorestorative Therapies has a 52-week low of $0.16 and a 52-week high of $1.89. The firm has a fifty day moving average of $0.30 and a 200 day moving average of $0.30. The firm has a market capitalization of $5.67 million, a PE ratio of -0.21 and a beta of 0.79.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new position in shares of Biorestorative Therapies during the third quarter valued at about $152,000. DRW Securities LLC bought a new position in shares of Biorestorative Therapies during the fourth quarter valued at about $55,000. Finally, Virtu Financial LLC lifted its holdings in Biorestorative Therapies by 102.4% in the 3rd quarter. Virtu Financial LLC now owns 24,351 shares of the company’s stock worth $35,000 after buying an additional 12,319 shares during the period. 69.38% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Get Our Latest Research Report on Biorestorative Therapies
Biorestorative Therapies Company Profile
Biorestorative Therapies Inc (NASDAQ: BRTX) is a clinical-stage biopharmaceutical company focused on the development and commercialization of regenerative tissue therapy products. The company leverages a proprietary universal allogeneic cell technology platform to create high-potency cell therapy candidates designed to promote tissue repair, reduce inflammation and accelerate healing in areas damaged by disease or medical treatment.
Its lead development program targets radiation-induced oral mucositis (RIOM), a painful and dose-limiting side effect experienced by head and neck cancer patients undergoing radiotherapy.
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