BioTime, Inc. (NYSEAMERICAN:BTX) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 6,899,595 shares, a growth of 0.7% from the November 15th total of 6,852,827 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 286,662 shares, the days-to-cover ratio is presently 24.1 days.
Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of BioTime from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research downgraded shares of BioTime from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.08.
Shares of BioTime (BTX) traded down $0.10 during mid-day trading on Monday, reaching $2.33. 509,300 shares of the company traded hands, compared to its average volume of 353,334. BioTime has a one year low of $2.19 and a one year high of $3.97.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in shares of BioTime by 124.1% during the 3rd quarter. GSA Capital Partners LLP now owns 174,816 shares of the biotechnology company’s stock valued at $496,000 after acquiring an additional 96,816 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of BioTime by 95.6% in the 3rd quarter. Jane Street Group LLC now owns 44,548 shares of the biotechnology company’s stock worth $127,000 after purchasing an additional 21,778 shares during the period. Broadwood Capital Inc. lifted its stake in shares of BioTime by 0.6% in the 3rd quarter. Broadwood Capital Inc. now owns 27,279,254 shares of the biotechnology company’s stock worth $77,473,000 after purchasing an additional 160,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BioTime by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 156,721 shares of the biotechnology company’s stock worth $445,000 after purchasing an additional 35,970 shares during the period. Finally, Family Management Corp lifted its stake in shares of BioTime by 29.9% in the 3rd quarter. Family Management Corp now owns 182,350 shares of the biotechnology company’s stock worth $518,000 after purchasing an additional 41,979 shares during the period.
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BioTime Company Profile
BioTime, Inc is a clinical-stage biotechnology company focused on developing and commercializing products addressing degenerative diseases. Its clinical programs are based on two platform technologies: pluripotent stem cells and cell/drug delivery platform technologies. The foundation of its cell delivery platform is its HyStem cell and drug delivery matrix technology.
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