BioVie Inc. (NASDAQ:BIVIW) Sees Significant Drop in Short Interest

BioVie Inc. (NASDAQ:BIVIW – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 20,933 shares, a drop of 51.6% from the September 15th total of 43,287 shares. Based on an average trading volume of 15,170 shares, the short-interest ratio is presently 1.4 days.

BioVie Stock Performance

Shares of BIVIW traded up $0.01 during trading hours on Wednesday, reaching $0.26. 6,184 shares of the company’s stock traded hands, compared to its average volume of 55,578. The firm’s 50 day simple moving average is $0.30 and its 200-day simple moving average is $0.33. BioVie has a 12 month low of $0.13 and a 12 month high of $0.79.

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BioVie Inc is a clinical-stage biopharmaceutical company focused on developing therapies for neurological and liver-related diseases. The company’s research programs are intended to address conditions associated with neuroinflammation, insulin resistance, chronic liver disease and complications of cirrhosis.

BioVie’s lead neurodegenerative disease candidate is bezisterim, also known as NE3107, an orally administered investigational therapy designed to cross the blood-brain barrier and modulate inflammatory signaling.

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