BiomX Inc. (NYSEAMERICAN:PHGE – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 197,532 shares, an increase of 116.4% from the April 30th total of 91,280 shares. Based on an average daily trading volume, of 295,133 shares, the short-interest ratio is currently 0.7 days. Currently, 15.8% of the shares of the stock are sold short.
Insider Buying and Selling
In other BiomX news, Director Reuven Yeganeh sold 530,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $5.00, for a total transaction of $2,650,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.80% of the company’s stock.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in BiomX stock. Alyeska Investment Group L.P. acquired a new stake in BiomX Inc. (NYSEAMERICAN:PHGE – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,590,738 shares of the company’s stock, valued at approximately $835,000. Alyeska Investment Group L.P. owned approximately 5.99% of BiomX at the end of the most recent quarter. 40.57% of the stock is owned by institutional investors.
BiomX Trading Down 17.5%
BiomX (NYSEAMERICAN:PHGE – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported $7.38 EPS for the quarter. On average, equities analysts expect that BiomX will post -5.85 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, HC Wainwright lowered BiomX from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.00.
Get Our Latest Stock Analysis on BiomX
BiomX Company Profile
BiomX Inc is a clinical-stage biotechnology company that specializes in developing precision bacteriophage therapies to target pathogenic bacteria in the human microbiome. By harnessing the natural ability of bacteriophages to selectively infect and lyse harmful bacterial strains, BiomX aims to restore microbial balance without disrupting beneficial commensal organisms. The company’s platform integrates phage discovery, formulation and genetic engineering to create tailored phage cocktails for a range of microbiome-associated diseases.
The company’s pipeline includes lead clinical candidates for gastrointestinal disorders such as pouchitis and ulcerative colitis, as well as programs addressing dermatological indications including acne and atopic dermatitis.
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