Biodexa Pharmaceuticals PLC Unsponsored ADR (NASDAQ:BDRX – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 67,330 shares, a growth of 759.2% from the June 15th total of 7,836 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average trading volume of 399,320 shares, the short-interest ratio is currently 0.2 days.
Biodexa Pharmaceuticals Trading Down 3.9%
Shares of NASDAQ BDRX traded down $0.10 during midday trading on Friday, reaching $2.49. The company had a trading volume of 16,657 shares, compared to its average volume of 224,157. Biodexa Pharmaceuticals has a one year low of $2.40 and a one year high of $66.50. The firm’s fifty day moving average price is $3.22 and its 200-day moving average price is $5.61.
Institutional Investors Weigh In On Biodexa Pharmaceuticals
A hedge fund recently bought a new position in Biodexa Pharmaceuticals stock. Sabby Management LLC acquired a new position in Biodexa Pharmaceuticals PLC Unsponsored ADR (NASDAQ:BDRX – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 190,658 shares of the company’s stock, valued at approximately $433,000. Biodexa Pharmaceuticals accounts for 0.6% of Sabby Management LLC’s holdings, making the stock its 10th largest holding. Sabby Management LLC owned 28.04% of Biodexa Pharmaceuticals at the end of the most recent reporting period. Institutional investors and hedge funds own 17.51% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on BDRX
About Biodexa Pharmaceuticals
Biodexa Pharmaceuticals Plc, a clinical stage biopharmaceutical company, focuses on developing a pipeline of products for the treatment of Type 1 diabetes and rare/orphan cancers of the brain. Its lead product candidate Tolimidone, a selective activator of the lyn kinase enzyme, currently under Phase II studies for the treatment of Type 1 diabetes. The company is also developing MTX110, which is currently in Phase I studies for the treatment of diffuse intrinsic recurrent glioblastoma, diffuse midline glioma, and medulloblastoma; and MTD217, a program centered around a water-soluble drug formulation that can be easily infused or injected simultaneously, or sequentially, directly into the cancer microenvironment, currently under preclinical studies for the treatment of leptomeningeal disease.
Further Reading
- Five stocks we like better than Biodexa Pharmaceuticals
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for Biodexa Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biodexa Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.
