Cleveland BioLabs, Inc. (NASDAQ:CBLI) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 24,700 shares, a decrease of 13.6% from the July 31st total of 28,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 5.0 days.
Shares of NASDAQ:CBLI remained flat at $$1.02 during trading on Friday. 4,588 shares of the stock were exchanged, compared to its average volume of 7,949. Cleveland BioLabs has a twelve month low of $1.00 and a twelve month high of $2.16. The stock has a 50 day moving average of $1.41 and a 200-day moving average of $1.51.
Cleveland BioLabs (NASDAQ:CBLI) last released its quarterly earnings results on Wednesday, August 14th. The biotechnology company reported ($0.05) earnings per share for the quarter. Cleveland BioLabs had a negative net margin of 304.43% and a negative return on equity of 96.01%. The firm had revenue of $0.28 million during the quarter.
Separately, ValuEngine upgraded shares of Cleveland BioLabs from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Cleveland BioLabs Company Profile
Cleveland BioLabs, Inc, a biopharmaceutical company, develops novel approaches to activate the immune system and address various medical needs in the United States and Russia. Its proprietary platform of toll-like immune receptor activators (TLR) has applications in radiation mitigation, oncology immunotherapy, and vaccines.
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