Chemomab Therapeutics Ltd. Sponsored ADR (NASDAQ:CMMB – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 10,544 shares, a drop of 87.1% from the September 15th total of 81,947 shares. Based on an average daily trading volume, of 215,472 shares, the short-interest ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CMMB shares. Wall Street Zen raised shares of Chemomab Therapeutics to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings raised shares of Chemomab Therapeutics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on CMMB
Hedge Funds Weigh In On Chemomab Therapeutics
Chemomab Therapeutics Price Performance
Shares of Chemomab Therapeutics stock opened at $1.38 on Friday. The stock has a market capitalization of $10.01 million, a P/E ratio of -0.65 and a beta of 0.74. The business has a 50 day simple moving average of $2.13 and a two-hundred day simple moving average of $1.84. Chemomab Therapeutics has a 12 month low of $1.05 and a 12 month high of $3.50.
Chemomab Therapeutics (NASDAQ:CMMB – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.12).
Chemomab Therapeutics Company Profile
Chemomab Therapeutics Ltd. is a clinical-stage biotechnology company focused on developing therapies for chronic inflammatory and fibrotic diseases. The company’s research is centered on CCL24, a chemokine believed to contribute to inflammation, fibrosis and tissue damage across several disease areas.
Chemomab’s lead product candidate is CM-101, a proprietary monoclonal antibody designed to block CCL24 activity. The therapy has been evaluated in clinical studies for conditions including primary sclerosing cholangitis, a progressive liver disease, and systemic sclerosis, an autoimmune disorder that can cause widespread fibrosis.
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