Artelo Biosciences, Inc. (NASDAQ:ARTL – Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 32,900 shares, a growth of 51.6% from the November 15th total of 21,700 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is presently 1.3 days. Currently, 1.0% of the shares of the company are short sold.
Artelo Biosciences Trading Up 0.9 %
ARTL stock traded up $0.01 during mid-day trading on Friday, hitting $1.11. 19,589 shares of the company were exchanged, compared to its average volume of 35,183. The business has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.24. The stock has a market capitalization of $3.58 million, a PE ratio of -0.39 and a beta of 1.29. Artelo Biosciences has a 1-year low of $1.00 and a 1-year high of $1.75.
Artelo Biosciences (NASDAQ:ARTL – Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. Equities research analysts expect that Artelo Biosciences will post -2.62 earnings per share for the current year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Artelo Biosciences
Artelo Biosciences Company Profile
Artelo Biosciences, Inc, a clinical stage biopharmaceutical company, develops and commercializes therapeutics that target lipid-signaling pathways in the United States. It's product candidate pipeline includes ART27.13, a synthetic dual cannabinoid G protein-coupled receptor agonist, which is in Phase 1b/2a clinical trial for the treatment of anorexia associated with cancer; ART12.11, a synthetic cannabidiol cocrystal for the treatment anxiety, post-traumatic stress disorder, epilepsy, inflammatory bowel disease, and other potential indications; and ART26.12, a fatty acid binding protein 5 inhibitor for treating chemotherapy induced peripheral neuropathy, diabetic neuropathy, prostate cancer and breast cancer, pain, dermatologic conditions, and anxiety disorders.
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