NanoViricides Inc (NNVC) Short Interest Down 20.2% in October
NanoViricides Inc (NYSEMKT:NNVC) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 1,476,924 shares, a decline of 20.2% from the October 13th total of 1,851,692 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 243,752 shares, the short-interest ratio is currently 6.1 days.
NanoViricides (NNVC) remained flat at $$1.00 during midday trading on Monday. 60,965 shares of the company were exchanged, compared to its average volume of 144,916. NanoViricides has a fifty-two week low of $0.91 and a fifty-two week high of $1.64.
Separately, BidaskClub cut shares of NanoViricides from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th.
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NanoViricides, Inc is a nano-biopharmaceutical company. The Company is a development-stage company with several drugs in various stages of development. The Company focuses on its research and clinical programs on specific anti-viral therapeutics. The Company is engaged in the application of nanomedicine technologies to the issues of viral diseases.
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