Chemomab Therapeutics Ltd. (NASDAQ:CMMB – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 221,900 shares, a growth of 14.3% from the March 15th total of 194,200 shares. Based on an average daily volume of 224,000 shares, the short-interest ratio is currently 1.0 days. Currently, 1.9% of the shares of the company are sold short.
Chemomab Therapeutics Price Performance
Shares of Chemomab Therapeutics stock traded down $0.07 on Tuesday, hitting $0.66. The company had a trading volume of 37,664 shares, compared to its average volume of 207,249. The business has a 50-day simple moving average of $0.73 and a 200-day simple moving average of $0.66. The company has a market cap of $7.30 million, a PE ratio of -0.31 and a beta of 0.36. Chemomab Therapeutics has a 52 week low of $0.42 and a 52 week high of $1.89.
Chemomab Therapeutics (NASDAQ:CMMB – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.14. During the same quarter in the prior year, the firm earned ($0.72) earnings per share. On average, equities research analysts predict that Chemomab Therapeutics will post -1.2 earnings per share for the current fiscal year.
Institutional Trading of Chemomab Therapeutics
Analyst Ratings Changes
A number of research firms have issued reports on CMMB. Roth Capital reissued a “buy” rating on shares of Chemomab Therapeutics in a research note on Tuesday, December 19th. Roth Mkm reaffirmed a “buy” rating and issued a $7.00 price target on shares of Chemomab Therapeutics in a research note on Tuesday, December 19th.
Chemomab Therapeutics Company Profile
Chemomab Therapeutics Ltd., a clinical-stage biotechnology company, discovers and develops therapeutics for the treatment of fibrotic and inflammatory diseases. The company's lead clinical product candidate is CM-101, a humanized monoclonal antibody had completed Phase 2a clinical trials that hinders the basic function of soluble chemokine CCL24 for the treatment of primary sclerosing cholangitis (PSC) and systemic sclerosis (SSc).
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