Biopharmx Corp (NYSE:BPMX) Sees Significant Drop in Short Interest
Biopharmx Corp (NYSE:BPMX) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 4,790,336 shares, a decrease of 6.7% from the July 14th total of 5,135,164 shares. Based on an average daily volume of 697,859 shares, the short-interest ratio is presently 6.9 days. Currently, 8.3% of the shares of the company are sold short.
Separately, ValuEngine upgraded Biopharmx Corp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 24th.
Shares of Biopharmx Corp (BPMX) opened at 0.298 on Thursday. The stock’s market cap is $22.09 million. Biopharmx Corp has a 52-week low of $0.19 and a 52-week high of $1.22. The firm has a 50-day moving average price of $0.43 and a 200 day moving average price of $0.51.
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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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