Addex Therapeutics Ltd. Sponsored ADR (NASDAQ:ADXN) Short Interest Down 73.0% in June

Addex Therapeutics Ltd. Sponsored ADR (NASDAQ:ADXNGet Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,344 shares, a decline of 73.0% from the May 31st total of 4,982 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,313 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Addex Therapeutics in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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Addex Therapeutics Stock Performance

Shares of NASDAQ ADXN traded up $0.04 during midday trading on Monday, reaching $6.11. 3,589 shares of the company traded hands, compared to its average volume of 5,299. Addex Therapeutics has a 12 month low of $5.41 and a 12 month high of $12.05. The stock’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $7.11. The firm has a market cap of $7.52 million, a PE ratio of -1.06 and a beta of 1.49.

Addex Therapeutics (NASDAQ:ADXNGet Free Report) last announced its earnings results on Thursday, June 25th. The company reported ($1.50) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Addex Therapeutics Company Profile

(Get Free Report)

Addex Therapeutics SA is a clinical-stage biopharmaceutical company specializing in the discovery and development of small-molecule allosteric modulators for central nervous system disorders. Founded in 1999 and headquartered in Geneva, Switzerland, with a U.S. research presence in Cambridge, Massachusetts, the company focuses on targeting metabotropic glutamate (mGlu) receptors and GABAB receptors to address unmet medical needs in neurology and psychiatry.

The company’s lead candidate, dipraglurant (ADX48621), is an mGlu5 negative allosteric modulator in clinical development for levodopa-induced dyskinesia in Parkinson’s disease.

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