Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:SHPH – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 429,660 shares, a growth of 213.0% from the June 30th total of 137,273 shares. Based on an average daily volume of 7,541,738 shares, the short-interest ratio is currently 0.1 days. Approximately 77.1% of the shares of the stock are sold short.
Shuttle Pharmaceuticals Stock Performance
SHPH stock traded down $0.14 during trading on Tuesday, hitting $2.78. 49,386 shares of the company traded hands, compared to its average volume of 1,065,101. The company has a 50-day moving average of $4.13 and a 200-day moving average of $8.92. Shuttle Pharmaceuticals has a 1 year low of $2.71 and a 1 year high of $55.90. The firm has a market capitalization of $1.78 million, a PE ratio of -0.06 and a beta of 0.29.
Insider Transactions at Shuttle Pharmaceuticals
In other news, major shareholder Financial Lp Hrt purchased 8,266 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average price of $3.38 per share, with a total value of $27,939.08. Following the completion of the purchase, the insider directly owned 60,540 shares in the company, valued at approximately $204,625.20. This trade represents a 15.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders bought 53,398 shares of company stock worth $181,764 and sold 38,133 shares worth $132,128. 12.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Wall Street Zen raised Shuttle Pharmaceuticals to a “sell” rating in a report on Saturday, July 4th. Weiss Ratings lowered Shuttle Pharmaceuticals from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Shuttle Pharmaceuticals has a consensus rating of “Sell”.
View Our Latest Stock Report on Shuttle Pharmaceuticals
About Shuttle Pharmaceuticals
Shuttle Pharmaceuticals Holdings, Inc, a clinical stage pharmaceutical company, develops novel therapies to cure cancers. It develops Ropidoxuridine, an oral halogenated pyrimidine to treat patients with brain tumors and sarcomas SP-1-161, an HDAC inhibitor that initiates the mutated in ataxia-telangiectasia response pathway for radiation sensitizing cancer cells and protecting normal cells; SP-2-225, a pre-clinical class IIb that effects on the regulation of the immune system; and SP-1-303, a pre-clinical selective Class I HDAC for the treatment of ER positive cancers .
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