NanoViricides Inc (NYSEAMERICAN:NNVC) was the recipient of a significant drop in short interest in December. As of December 29th, there was short interest totalling 459,345 shares, a drop of 44.7% from the December 15th total of 830,252 shares. Based on an average daily volume of 186,490 shares, the short-interest ratio is currently 2.5 days. Approximately 0.9% of the company’s stock are short sold.
Separately, BidaskClub downgraded shares of NanoViricides from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th.
Shares of NanoViricides (NYSEAMERICAN:NNVC) opened at $0.84 on Thursday. The firm has a market cap of $54.72, a P/E ratio of -5.60 and a beta of 0.21. NanoViricides has a one year low of $0.83 and a one year high of $1.64.
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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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