Short Interest in Intelligent Bio Solutions Inc. (NASDAQ:INBS) Rises By 191.7%

Intelligent Bio Solutions Inc. (NASDAQ:INBS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 495,900 shares, a growth of 191.7% from the August 31st total of 170,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is currently 0.3 days. Currently, 11.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intelligent Bio Solutions stock. CVI Holdings LLC bought a new stake in Intelligent Bio Solutions Inc. (NASDAQ:INBS) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 108,250 shares of the company’s stock, valued at approximately $457,000. Intelligent Bio Solutions accounts for 0.4% of CVI Holdings LLC’s investment portfolio, making the stock its 27th largest holding. CVI Holdings LLC owned about 3.81% of Intelligent Bio Solutions as of its most recent filing with the SEC. 32.97% of the stock is owned by institutional investors and hedge funds.

Intelligent Bio Solutions Stock Down 1.6 %

Shares of INBS stock traded down $0.03 on Friday, hitting $1.82. The company had a trading volume of 188,513 shares, compared to its average volume of 1,713,028. The firm has a market cap of $5.67 million, a P/E ratio of -0.05 and a beta of 4.68. Intelligent Bio Solutions has a twelve month low of $1.00 and a twelve month high of $15.24. The company has a 50-day moving average price of $1.48 and a 200-day moving average price of $2.27.

Intelligent Bio Solutions Company Profile

Intelligent Bio Solutions Inc, a medical technology company, developing non-invasive, real-time monitoring, and diagnostic tests for patients and their primary health practitioners. It offers saliva glucose biosensor for diabetes management that measures glucose in saliva. The company also provides intelligent fingerprinting drug screening system, a revolutionizing portable testing through fingerprint sweat analysis, which has the potential for broader applications in additional fields; and biosensor platform for biochemistry, immunology, tumor markers, hormones, and nucleic acid diagnostic modalities.