Avacta Group Plc (OTCMKTS:AVCTF – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 51,929 shares, an increase of 64.5% from the June 30th total of 31,567 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.
Avacta Group Stock Performance
Shares of AVCTF stock opened at $0.91 on Friday. Avacta Group has a 1 year low of $0.45 and a 1 year high of $1.23. The stock has a 50 day simple moving average of $0.98 and a 200 day simple moving average of $0.92.
Avacta Group Company Profile
Avacta Group plc is a UK-based biotechnology company specializing in the discovery, development and commercialization of Affimer® biotherapeutics and diagnostic reagents. The company’s proprietary Affimer platform uses small, engineered protein scaffolds that can be tailored to bind specifically to target molecules, offering an alternative to traditional antibodies. Avacta operates two core divisions: Avacta Therapeutics, which focuses on novel treatments in oncology and immune-related diseases, and Avacta Analytical, which develops reagents and point-of-care diagnostic tests.
In its diagnostics business, Avacta has applied the Affimer technology to lateral flow assays, most notably for rapid detection of viral pathogens such as SARS-CoV-2.
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