Lexaria Bioscience Corp. (NASDAQ:LEXX – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 179,002 shares, an increase of 402.2% from the August 31st total of 35,644 shares. Approximately 11.8% of the company’s stock are sold short. Based on an average daily trading volume, of 110,136 shares, the short-interest ratio is presently 1.6 days.
Lexaria Bioscience Trading Down 2.7%
LEXX stock traded down $0.09 during mid-day trading on Friday, hitting $3.28. The stock had a trading volume of 34,210 shares, compared to its average volume of 106,957. The company has a fifty day moving average of $7.69 and a 200 day moving average of $9.59. Lexaria Bioscience has a 1-year low of $2.80 and a 1-year high of $21.60. The stock has a market capitalization of $5.41 million, a price-to-earnings ratio of -0.64 and a beta of 0.50.
Lexaria Bioscience (NASDAQ:LEXX – Get Free Report) last issued its quarterly earnings data on Monday, July 13th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). As a group, sell-side analysts expect that Lexaria Bioscience will post -4.05 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Lexaria Bioscience
About Lexaria Bioscience
Lexaria Bioscience Corp. is a biotechnology company developing drug-delivery technologies designed to improve the absorption and delivery of orally administered active compounds. Its proprietary DehydraTECH platform is intended to enhance bioavailability and may facilitate the delivery of certain compounds across biological barriers, including the blood-brain barrier.
The company has researched DehydraTECH applications involving cannabinoids, nicotine, non-steroidal anti-inflammatory drugs, antiviral compounds and other active pharmaceutical ingredients.
See Also
- Five stocks we like better than Lexaria Bioscience
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for Lexaria Bioscience Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lexaria Bioscience and related companies with MarketBeat.com's FREE daily email newsletter.
