Short Interest in Xenetic Biosciences Inc (NASDAQ:XBIO) Declines By 43.5%

Xenetic Biosciences Inc (NASDAQ:XBIOGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,900 shares, a drop of 43.5% from the April 30th total of 6,900 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Xenetic Biosciences

A hedge fund recently bought a new stake in Xenetic Biosciences stock. LGT Group Foundation bought a new position in shares of Xenetic Biosciences Inc (NASDAQ:XBIOFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $41,000. LGT Group Foundation owned approximately 0.71% of Xenetic Biosciences as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 15.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Xenetic Biosciences in a research report on Wednesday, April 9th.

Check Out Our Latest Stock Analysis on XBIO

Xenetic Biosciences Stock Down 2.3%

Shares of NASDAQ XBIO opened at $2.91 on Friday. Xenetic Biosciences has a 52-week low of $2.20 and a 52-week high of $5.20. The firm has a fifty day moving average of $2.76 and a 200-day moving average of $3.59. The stock has a market capitalization of $4.49 million, a PE ratio of -1.09 and a beta of 2.31.

Xenetic Biosciences (NASDAQ:XBIOGet Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.13. Xenetic Biosciences had a negative return on equity of 49.51% and a negative net margin of 161.63%. The firm had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $0.52 million. Equities research analysts expect that Xenetic Biosciences will post -1.01 EPS for the current fiscal year.

Xenetic Biosciences Company Profile

(Get Free Report)

Xenetic Biosciences, Inc is a biopharmaceutical company focused on progressing XCART, a personalized CAR T platform technology engineered to target patient-specific tumor neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient’s malignant tumor cells for the treatment of B-cell lymphomas.

Further Reading

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