Cyclerion Therapeutics, Inc. (NASDAQ:KRSA – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 11,552 shares, a growth of 160.1% from the September 15th total of 4,442 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 83,653 shares, the short-interest ratio is currently 0.1 days.
Cyclerion Therapeutics Stock Performance
KRSA traded up $2.66 during trading on Wednesday, reaching $34.32. 193,564 shares of the stock were exchanged, compared to its average volume of 288,718. The company has a market cap of $22.96 million, a price-to-earnings ratio of -2.95 and a beta of 1.72. Cyclerion Therapeutics has a 1 year low of $7.19 and a 1 year high of $59.36.
Institutional Investors Weigh In On Cyclerion Therapeutics
Institutional investors and hedge funds have recently made changes to their positions in the business. ADAR1 Capital Management LLC acquired a new stake in Cyclerion Therapeutics in the 2nd quarter valued at about $1,013,000. Braidwell LP acquired a new position in Cyclerion Therapeutics during the second quarter worth about $532,000. Finally, BlackRock Inc. acquired a new position in Cyclerion Therapeutics during the second quarter worth about $57,000. 75.62% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Cyclerion Therapeutics
Cyclerion Therapeutics Company Profile
Cyclerion Therapeutics, Inc was a clinical-stage biopharmaceutical company focused on developing medicines for serious diseases involving the central nervous system, cardiovascular system, kidneys and other organs. The company’s research centered on soluble guanylate cyclase stimulators, a class of compounds designed to influence cellular signaling pathways associated with blood flow, inflammation and tissue function.
Cyclerion’s development portfolio historically included IW-6463, an investigational central nervous system therapy, as well as olinciguat and praliciguat, which were studied for potential applications in conditions including neurodegenerative disease, sickle cell disease and diabetic kidney disease.
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