Biofrontera Inc. (NASDAQ:BFRI – Get Rating) was the recipient of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 467,400 shares, a growth of 17.3% from the December 15th total of 398,500 shares. Based on an average daily trading volume, of 107,900 shares, the short-interest ratio is presently 4.3 days. Approximately 3.7% of the company's stock are short sold.

Institutional Trading of Biofrontera

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp purchased a new stake in shares of Biofrontera during the second quarter worth about $39,000. State Street Corp grew its holdings in Biofrontera by 55.8% in the second quarter. State Street Corp now owns 22,900 shares of the company's stock valued at $43,000 after purchasing an additional 8,200 shares during the period. XTX Topco Ltd purchased a new stake in Biofrontera in the first quarter valued at approximately $48,000. BlackRock Inc. grew its holdings in Biofrontera by 894.0% in the first quarter. BlackRock Inc. now owns 100,505 shares of the company's stock valued at $335,000 after purchasing an additional 90,394 shares during the period. Finally, Bard Associates Inc. grew its holdings in Biofrontera by 5.4% in the second quarter. Bard Associates Inc. now owns 259,275 shares of the company's stock valued at $482,000 after purchasing an additional 13,200 shares during the period. Institutional investors and hedge funds own 6.84% of the company's stock.

Biofrontera Stock Performance

BFRI stock opened at $0.91 on Friday. The company's 50 day moving average price is $0.95 and its 200 day moving average price is $1.16. Biofrontera has a fifty-two week low of $0.75 and a fifty-two week high of $6.12. The firm has a market capitalization of $24.39 million, a price-to-earnings ratio of -0.81 and a beta of 1.12.

Biofrontera Company Profile

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Biofrontera Inc, a biopharmaceutical company, engages in the commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States. The company offers Ameluz, a prescription drug; and the RhodoLED lamp series for photodynamic therapy for the lesion-directed and field-directed treatment of actinic keratosis of mild-to-moderate severity on the face and scalp.

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