Short Interest in Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL) Expands By 6,821.4%

Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 321,082 shares, an increase of 6,821.4% from the December 15th total of 4,639 shares. Based on an average trading volume of 2,087,927 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 2,087,927 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Adlai Nortye in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Adlai Nortye Trading Up 3.8%

NASDAQ ANL opened at $1.65 on Wednesday. The stock has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $1.57. Adlai Nortye has a fifty-two week low of $0.88 and a fifty-two week high of $2.75.

About Adlai Nortye

Adlai Nortye Inc (NASDAQ: ANL) is a specialty chemical manufacturer headquartered in China’s Jiangsu Province. The company focuses on the research, development, production and sale of fine chemicals, with a primary emphasis on amino acids and their derivatives.

Adlai Nortye’s product portfolio includes betaine compounds, a range of high-purity L-amino acids such as L-methionine, L-threonine and glycine, as well as various chemical intermediates. These offerings serve multiple end markets, including animal feed and nutrition, personal care and cosmetic formulations, pharmaceutical ingredients and industrial chemical processes.

The company operates multiple production facilities alongside an in-house research and development center dedicated to process innovation and quality control.