Provectus Biopharmaceuticals, Inc. (OTCMKTS:PVCT) Sees Significant Growth in Short Interest

Provectus Biopharmaceuticals, Inc. (OTCMKTS:PVCTGet Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 802,784 shares, an increase of 41,110.7% from the May 31st total of 1,948 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 182,658 shares, the short-interest ratio is currently 4.4 days.

Provectus Biopharmaceuticals Price Performance

Shares of OTCMKTS PVCT opened at $0.07 on Friday. The firm has a fifty day moving average of $0.06 and a 200-day moving average of $0.06. Provectus Biopharmaceuticals has a 52-week low of $0.04 and a 52-week high of $0.10.

About Provectus Biopharmaceuticals

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Provectus Biopharmaceuticals, Inc is a U.S.-based clinical-stage biopharmaceutical company focused on the development and commercialization of immuno-oncology and tumor ablation therapies. Headquartered in Knoxville, Tennessee, the company’s lead investigational product is PV-10, a proprietary formulation of Rose Bengal disodium for intralesional injection. PV-10 is designed to selectively ablate tumor cells while stimulating a systemic immune response against cancerous lesions.

PV-10 has been evaluated in multiple clinical trials across a range of solid tumors, with key studies conducted in melanoma, hepatocellular carcinoma and other refractory cancers.

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