Biopharmx Corp (NYSE:BPMX) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,411,971 shares, a drop of 1.3% from the May 31st total of 5,482,142 shares. Based on an average trading volume of 1,426,269 shares, the days-to-cover ratio is currently 3.8 days. Approximately 10.4% of the shares of the stock are short sold.

Separately, ValuEngine upgraded shares of Biopharmx Corp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 24th.

Biopharmx Corp (BPMX) opened at 0.4438 on Tuesday. The company’s 50 day moving average is $0.54 and its 200-day moving average is $0.51. Biopharmx Corp has a 1-year low of $0.19 and a 1-year high of $1.22. The firm’s market cap is $32.90 million.

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About Biopharmx Corp

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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