Short Interest in Liminatus Pharma Inc. (NASDAQ:LIMN) Drops By 99.1%

Liminatus Pharma Inc. (NASDAQ:LIMNGet Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 95,505 shares, a decline of 99.1% from the August 15th total of 10,331,073 shares. Based on an average daily volume of 71,248 shares, the short-interest ratio is currently 1.3 days. Currently, 8.8% of the company’s stock are sold short.

Liminatus Pharma Price Performance

Shares of LIMN traded up $0.02 during midday trading on Friday, hitting $3.65. The stock had a trading volume of 8,837 shares, compared to its average volume of 381,351. The firm has a market cap of $4.89 million, a price-to-earnings ratio of -0.16 and a beta of 5.30. The company has a 50 day simple moving average of $5.35 and a two-hundred day simple moving average of $7.89. Liminatus Pharma has a twelve month low of $3.42 and a twelve month high of $141.50.

Liminatus Pharma (NASDAQ:LIMNGet Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($1.50) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LIMN shares. Weiss Ratings lowered Liminatus Pharma from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Liminatus Pharma to a “strong sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on LIMN

Liminatus Pharma Company Profile

(Get Free Report)

Liminatus Pharma, Inc is a pre-clinical-stage immuno-oncology company, which engages in developing novel, immune-modulating cancer therapies. The company was founded on November 1, 2020 and is headquartered in La Palma, CA.

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