Elite Pharmaceuticals Inc (ELTP)

[HGilS]

Short Interest in Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP) Increases By 700.0%
Posted by MarketBeat News on Jan 18th, 2023

Elite Pharmaceuticals logoElite Pharmaceuticals, Inc. (OTCMKTS:ELTP – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 800 shares, an increase of 700.0% from the December 15th total of 100 shares. Based on an average daily volume of 883,300 shares, the short-interest ratio is presently 0.0 days.
Elite Pharmaceuticals Price Performance
Shares of OTCMKTS:ELTP opened at $0.03 on Wednesday. Elite Pharmaceuticals has a 12 month low of $0.03 and a 12 month high of $0.05. The stock has a market cap of $29.35 million, a price-to-earnings ratio of 2.90 and a beta of 0.35. The stock’s 50 day moving average price is $0.03 and its 200 day moving average price is $0.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.45 and a quick ratio of 3.36.