Short Interest in BioLargo, Inc. (NASDAQ:BLGO) Drops By 65.1%

Key Points

• Short interest in BioLargo, Inc. decreased by 65.1% in August, falling from 200,200 shares to 69,900 shares as of August 31st, indicating a significant reduction in bearish sentiment.
• The company's stock performance shows a market cap of $71.08 million with a trading price of $0.23, and a price-to-earnings ratio of -23.00.
• BioLargo is focused on developing technologies to address critical environmental issues such as PFAS water contamination and air quality control.

BioLargo, Inc. (NASDAQ:BLGO - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 69,900 shares, a decline of 65.1% from the August 15th total of 200,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 760,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 760,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

BioLargo Trading Down 5.1%

BioLargo stock traded down $0.01 during trading hours on Wednesday, hitting $0.22. The company had a trading volume of 503,345 shares, compared to its average volume of 322,457. The firm has a market cap of $66.94 million, a P/E ratio of -21.65 and a beta of 0.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.31. BioLargo has a 1 year low of $0.16 and a 1 year high of $0.32. The company has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.22.

About BioLargo

BioLargo, Inc invents, develops, and commercializes various platform technologies. Its technologies solve challenging environmental problems comprising per - and polyfluoroalkyl substances (PFAS) water contamination, advanced water and wastewater treatment, industrial odor and volatile organic compounds control, air quality control, infection control, and myriad environmental remediation.