Bone Biologics Corp. (NASDAQ:BBLG – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 67,279 shares, a growth of 1,315.5% from the June 15th total of 4,753 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average trading volume of 201,808 shares, the short-interest ratio is currently 0.3 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Bone Biologics from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
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Institutional Inflows and Outflows
Bone Biologics Trading Up 0.7%
NASDAQ BBLG traded up $0.01 during trading hours on Friday, reaching $1.39. 24,135 shares of the company traded hands, compared to its average volume of 143,856. The stock has a market capitalization of $2.50 million, a PE ratio of -0.61 and a beta of 0.90. Bone Biologics has a 12 month low of $1.05 and a 12 month high of $4.13. The company has a 50 day moving average of $1.32 and a two-hundred day moving average of $1.37.
Bone Biologics (NASDAQ:BBLG – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, hitting the consensus estimate of ($0.43). On average, equities research analysts anticipate that Bone Biologics will post -1.17 earnings per share for the current year.
Bone Biologics Company Profile
Bone Biologics, Inc (NASDAQ: BBLG) is a clinical-stage biotechnology company focused on the development of cell-based therapies for skeletal repair and regeneration. The company’s research efforts center on both allogeneic and autologous mesenchymal cell platforms designed to enhance bone healing in patients with orthopedic injuries and degenerative bone conditions. Its approach aims to provide alternatives to traditional grafting procedures by harnessing the regenerative potential of specialized stem cells.
Leveraging proprietary cell expansion and delivery technologies, Bone Biologics is advancing a pipeline of investigational therapies targeting indications such as spinal fusion, long-bone non-union and maxillofacial defects.
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