Biopharmx Corp (BPMX) Sees Large Increase in Short Interest
Biopharmx Corp (NYSEAMERICAN:BPMX) saw a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 6,319,421 shares, a growth of 2.3% from the December 15th total of 6,178,513 shares. Based on an average trading volume of 2,712,891 shares, the days-to-cover ratio is presently 2.3 days. Currently, 6.0% of the shares of the stock are sold short.
In related news, Director Stephen Morlock bought 330,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $0.15 per share, for a total transaction of $49,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Vivo Capital Viii, Llc sold 296,394 shares of Biopharmx stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $0.20, for a total transaction of $59,278.80. The disclosure for this sale can be found here.
Shares of Biopharmx (NYSEAMERICAN:BPMX) opened at $0.12 on Friday. The firm has a market cap of $14.26, a P/E ratio of -0.44 and a beta of 1.33. Biopharmx has a 1-year low of $0.10 and a 1-year high of $0.90.
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BioPharmX Corporation is a specialty pharmaceutical company. The Company is focused on utilizing its drug delivery technologies to develop and commercialize prescription and over-the-counter (OTC) products that address markets in women’s health and dermatology. Its portfolio of product candidates includes two clinical stage product candidates: BPX01, which is a topical antibiotic for the treatment of acne based on a formulation of minocycline, and BPX03, which is a molecular iodine (I2) tablet for the treatment of benign breast pain associated with fibrocystic breast condition (FBC) and cyclic mastalgia.
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