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Cleveland BioLabs (NASDAQ:CBLI) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 466,099 shares, a drop of 23.7% from the July 15th total of 610,774 shares, American Banking News reports. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 195,278 shares, the days-to-cover ratio is currently 2.4 days.

Cleveland BioLabs (NASDAQ:CBLI) opened at 0.42 on Friday. Cleveland BioLabs has a 1-year low of $0.33 and a 1-year high of $1.84. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.59. The company’s market cap is $21.4 million.

Cleveland BioLabs (NASDAQ:CBLI) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.09) earnings per share for the quarter.

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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