Bion Environmental Technologies, Inc. (OTCMKTS:BNET) Sees Significant Increase in Short Interest

Bion Environmental Technologies, Inc. (OTCMKTS:BNET) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 5,100 shares, a growth of 363.6% from the September 30th total of 1,100 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.4 days.

Bion Environmental Technologies Price Performance

Shares of OTCMKTS:BNET opened at $0.27 on Friday. The firm has a market capitalization of $15.45 million, a PE ratio of -5.40 and a beta of -0.09. Bion Environmental Technologies has a 1 year low of $0.15 and a 1 year high of $1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.01 and a quick ratio of 0.01. The firm’s 50-day moving average is $0.23 and its two-hundred day moving average is $0.41.

Bion Environmental Technologies (OTCMKTS:BNET) last announced its earnings results on Monday, September 30th. The basic materials company reported ($0.18) earnings per share for the quarter.

About Bion Environmental Technologies

Bion Environmental Technologies, Inc develops patented and proprietary technology that provides waste treatment and resource recovery solutions for concentrated animal feeding operations (CAFOs) in the United States and internationally. The company offers Gen3Tech, a third-generation technology and business/technology platform, which remediates environmental problems and improve operational/resource efficiencies through recovering co-products from the CAFOs’ waste stream, including renewable energy, fertilizer products, and clean water.