What’s KRAIG BIOCRAFT LABS (OTCMKTS:KBLB) Upside After This Short Interest Decrease?

January 23, 2018 - By Dolores Ford

The stock of KRAIG BIOCRAFT LABS (OTCMKTS:KBLB) registered a decrease of 24.47% in short interest. KBLB’s total short interest was 7,100 shares in January as published by FINRA. Its down 24.47% from 9,400 shares, reported previously.

The stock decreased 7.32% or $0.003 during the last trading session, reaching $0.038. About shares traded. Kraig Biocraft Laboratories, Inc. (OTCMKTS:KBLB) has 0.00% since January 23, 2017 and is . It has underperformed by 16.70% the S&P500.

Kraig Biocraft Laboratories, Inc. focuses on developing protein based fibers using recombinant DNA technology for commercial applications in the textile and specialty fiber industries in the United States. The company has market cap of $30.48 million. The companyÂ’s products are used in military and police applications for ballistic protection; industrial applications, including critical cables and abrasion/impact resistant components; safety equipment; and composite materials for the aero-space industry. It currently has negative earnings. The Company’s products are also used in various markets, such as medical textiles, geo textiles, defense and military textiles, safe and protective clothing, filtration textiles, transportation textiles, textiles used in buildings, composites with textile structure, and functional and sportive textiles.

More notable recent Kraig Biocraft Laboratories, Inc. (OTCMKTS:KBLB) news were published by: Globenewswire.com which released: “Kraig Biocraft Laboratories Gains Critical Approval from Vietnamese …” on October 17, 2017, also Globenewswire.com with their article: “US ARMY Fully Funds Spider Silk Development Contract with Kraig Biocraft …” published on January 08, 2018, Globenewswire.com published: “Kraig Biocraft Laboratories posts Holiday Letter to Shareholders” on December 20, 2017. More interesting news about Kraig Biocraft Laboratories, Inc. (OTCMKTS:KBLB) were released by: Globenewswire.com and their article: “Kraig Biocraft Laboratories Creates First Hybrids in New Research Center” published on January 19, 2018 as well as Globenewswire.com‘s news article titled: “Kraig Biocraft Laboratories Expands Team With Appointment of New Molecular …” with publication date: December 04, 2017.

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