TrovaGene Inc (NASDAQ:TROV) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 464,400 shares, a decline of 10.6% from the May 30th total of 519,300 shares. Approximately 11.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 375,900 shares, the days-to-cover ratio is presently 1.2 days.
Shares of TROV stock traded down $0.10 during mid-day trading on Friday, hitting $2.15. The company had a trading volume of 64,672 shares, compared to its average volume of 52,060. TrovaGene has a 52-week low of $2.14 and a 52-week high of $9.65. The company has a 50 day simple moving average of $2.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market capitalization of $11.70 million, a P/E ratio of -0.26 and a beta of 0.77.
TrovaGene (NASDAQ:TROV) last released its earnings results on Tuesday, May 7th. The medical research company reported ($1.02) EPS for the quarter, topping the consensus estimate of ($1.07) by $0.05. TrovaGene had a negative net margin of 3,540.91% and a negative return on equity of 121.65%. The firm had revenue of $0.16 million for the quarter. As a group, equities analysts expect that TrovaGene will post -4.02 earnings per share for the current year.
TrovaGene Company Profile
Trovagene, Inc, a clinical-stage, precision medicine oncology therapeutics company, develops oncology therapeutics for cancer care by leveraging its proprietary Precision Cancer Monitoring (PCM) technology in tumor genomics. Its lead drug candidate, PCM-075, is a Polo-like Kinase 1 selective adenosine triphosphate competitive inhibitor.
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