Cleveland BioLabs Short Interest Up 31.2% in June (CBLI)
Cleveland BioLabs (NASDAQ:CBLI) was the target of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 731,037 shares, a growth of 31.2% from the May 30th total of 557,121 shares, American Banking and Market News reports. Based on an average daily trading volume, of 390,617 shares, the short-interest ratio is currently 1.9 days. Currently, 1.5% of the shares of the company are sold short.
Cleveland BioLabs (NASDAQ:CBLI) opened at 0.4733 on Thursday. Cleveland BioLabs has a one year low of $0.46 and a one year high of $1.84. The stock has a 50-day moving average of $0.53 and a 200-day moving average of $0.72. The company’s market cap is $24.1 million.
Cleveland BioLabs (NASDAQ:CBLI) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.02.
Cleveland BioLabs, Inc (NASDAQ:CBLI), incorporated on June 5 2003, is a biotechnology company focused on developing biodefense, tissue protection and cancer treatment drugs based on the concept of modulation of cell death for therapeutic benefit.
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