Organovo Holdings, Inc. (NASDAQ:ONVO) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 340,900 shares, an increase of 96.9% from the December 15th total of 173,100 shares. Based on an average trading volume of 65,200 shares, the short-interest ratio is currently 5.2 days.
Shares of ONVO opened at $3.74 on Friday. The firm’s 50-day moving average price is $4.48 and its 200-day moving average price is $6.33. The firm has a market capitalization of $32.58 million, a price-to-earnings ratio of -2.75 and a beta of 0.49. Organovo has a 1-year low of $3.56 and a 1-year high of $23.92.
Organovo (NASDAQ:ONVO) last issued its quarterly earnings results on Monday, November 8th. The medical research company reported ($0.40) earnings per share (EPS) for the quarter.
Organovo Company Profile
Organovo Holdings, Inc engages in the development of bioprinted human tissues that emulate human biology and disease. Its three-dimensional human tissue platform is enabled by its proprietary NovoGen Bioprinters and related technologies for preparing bio-inks and bioprinting multicellular tissues with complex architecture.
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