Short Interest in bioAffinity Technologies, Inc. (NASDAQ:BIAF) Expands By 148.8%

bioAffinity Technologies, Inc. (NASDAQ:BIAFGet Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 62,700 shares, a growth of 148.8% from the February 29th total of 25,200 shares. Based on an average daily trading volume, of 162,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.8% of the company’s stock are short sold.

bioAffinity Technologies Price Performance

bioAffinity Technologies stock traded down $0.08 during trading on Thursday, reaching $2.00. The company had a trading volume of 59,286 shares, compared to its average volume of 173,274. bioAffinity Technologies has a 12-month low of $0.95 and a 12-month high of $3.62. The stock’s 50 day moving average price is $1.77 and its two-hundred day moving average price is $1.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.07 and a quick ratio of 3.06.

Institutional Investors Weigh In On bioAffinity Technologies

A number of institutional investors have recently bought and sold shares of BIAF. Jane Street Group LLC purchased a new stake in bioAffinity Technologies during the third quarter worth approximately $32,000. State Street Corp purchased a new stake in bioAffinity Technologies during the first quarter worth approximately $33,000. Citadel Advisors LLC purchased a new stake in bioAffinity Technologies during the third quarter worth approximately $60,000. Finally, Two Sigma Investments LP purchased a new stake in bioAffinity Technologies during the first quarter worth approximately $50,000. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

About bioAffinity Technologies

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bioAffinity Technologies, Inc, a biotechnology company, engages in developing non-invasive diagnostic tests and targeted cancer therapeutics. The company offers CyPath lung, a diagnostic test, for early detection of lung cancer. It also researches targeted therapies to treat lung cancer and other diseases of the lung at the cellular level.

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