Neuralstem Short Interest Up 34.3% in July (CUR)
Neuralstem (NYSE:CUR) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 9,611,785 shares, an increase of 34.3% from the June 30th total of 7,156,010 shares, AnalystRatings.NET reports. Based on an average daily volume of 975,361 shares, the short-interest ratio is presently 9.9 days. Approximately 11.6% of the shares of the stock are short sold.
CUR has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Neuralstem in a research note on Wednesday, June 25th. They now have a $7.00 price target on the stock. Separately, analysts at Aegis raised their price target on shares of Neuralstem from $6.00 to $7.00 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Finally, analysts at Aegis raised their price target on shares of Neuralstem to $6.00 in a research note on Tuesday, May 27th.
Neuralstem (NYSE:CUR) traded down 2.11% on Thursday, hitting $3.25. The stock had a trading volume of 412,553 shares. Neuralstem has a 52 week low of $1.30 and a 52 week high of $4.81. The stock has a 50-day moving average of $3.91 and a 200-day moving average of $3.74. The company’s market cap is $282.0 million.
Neuralstem (NYSE:CUR) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.01. The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $0.35 million. On average, analysts predict that Neuralstem will post $-0.25 earnings per share for the current fiscal year.
Neuralstem, Inc is a development-stage company focused on the development and commercialization of treatments for central nervous system disease based on transplanting human neural stems cells and the use of small molecule drugs.
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