Matinas Biopharma Holdings, Inc. (NYSEAMERICAN:MTNB – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 20,390 shares, a decline of 70.4% from the May 31st total of 68,896 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 76,356 shares, the short-interest ratio is currently 0.3 days.
Matinas Biopharma Stock Up 3.1%
Shares of NYSEAMERICAN:MTNB traded up $0.02 during midday trading on Friday, reaching $0.64. The company’s stock had a trading volume of 52,415 shares, compared to its average volume of 68,658. The firm has a market cap of $4.12 million, a price-to-earnings ratio of -0.32 and a beta of 1.67. Matinas Biopharma has a 1 year low of $0.48 and a 1 year high of $3.09. The business has a 50 day moving average price of $0.67 and a 200 day moving average price of $0.64.
Matinas Biopharma (NYSEAMERICAN:MTNB – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.30) EPS for the quarter.
Institutional Inflows and Outflows
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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