Matinas Biopharma Holdings, Inc. (NYSEAMERICAN:MTNB – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 387 shares, a decline of 91.3% from the April 30th total of 4,431 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,829 shares, the short-interest ratio is presently 0.0 days.
Matinas Biopharma Trading Up 12.3%
Shares of Matinas Biopharma stock traded up $0.09 during trading on Thursday, hitting $0.82. 45,319 shares of the stock were exchanged, compared to its average volume of 96,441. Matinas Biopharma has a 1-year low of $0.48 and a 1-year high of $3.09. The stock has a market capitalization of $5.26 million, a price-to-earnings ratio of -0.41 and a beta of 1.61. The company has a fifty day moving average price of $0.59 and a 200-day moving average price of $0.67.
Matinas Biopharma (NYSEAMERICAN:MTNB – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.30) EPS for the quarter.
Institutional Trading of Matinas Biopharma
About Matinas Biopharma
Matinas Biopharma Inc is a clinical‐stage biopharmaceutical company that specializes in the development of novel lipid‐based drug delivery platforms. Its proprietary Lipid NanoSphere (LNS) technology is designed to encapsulate water‐soluble and hydrophobic therapeutic agents, enabling both oral and intravenous administration. The company’s approach aims to improve drug pharmacokinetics, enhance bioavailability and reduce systemic toxicity compared with conventional formulations.
The lead product candidate, MAT2203, is an oral formulation of amphotericin B being developed for the treatment of cryptococcal meningitis and other life‐threatening fungal infections.
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