Short Interest in Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) Increases By 107.6%

Bolt Biotherapeutics, Inc. (NASDAQ:BOLTGet Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 27,250 shares, an increase of 107.6% from the May 31st total of 13,125 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 24,781 shares, the short-interest ratio is presently 1.1 days.

Bolt Biotherapeutics Stock Performance

BOLT traded up $0.04 on Wednesday, reaching $3.90. The company had a trading volume of 19,322 shares, compared to its average volume of 27,242. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.98. Bolt Biotherapeutics has a 1 year low of $3.75 and a 1 year high of $7.20. The stock has a market capitalization of $7.48 million, a PE ratio of -0.24 and a beta of 1.12. The stock has a 50-day moving average price of $4.68 and a 200-day moving average price of $5.00.

Bolt Biotherapeutics (NASDAQ:BOLTGet Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($4.31) earnings per share for the quarter, missing the consensus estimate of ($2.85) by ($1.46). The firm had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $1.50 million. Bolt Biotherapeutics had a negative net margin of 455.15% and a negative return on equity of 100.89%. As a group, research analysts forecast that Bolt Biotherapeutics will post -11.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Bolt Biotherapeutics

Several large investors have recently modified their holdings of the company. Squarepoint Ops LLC increased its holdings in shares of Bolt Biotherapeutics by 19.8% in the 3rd quarter. Squarepoint Ops LLC now owns 14,836 shares of the company’s stock valued at $79,000 after acquiring an additional 2,448 shares during the period. Shay Capital LLC acquired a new stake in Bolt Biotherapeutics during the 3rd quarter worth $85,000. Susquehanna International Group LLP purchased a new position in Bolt Biotherapeutics during the 3rd quarter worth $89,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Bolt Biotherapeutics during the 4th quarter worth $112,000. Finally, T3 Companies LLC acquired a new position in Bolt Biotherapeutics in the fourth quarter valued at $208,000. 86.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BOLT shares. Rodman & Renshaw started coverage on Bolt Biotherapeutics in a research note on Thursday, May 28th. They issued a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Bolt Biotherapeutics in a research report on Monday, April 20th. Finally, HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of Bolt Biotherapeutics in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.67.

View Our Latest Report on Bolt Biotherapeutics

About Bolt Biotherapeutics

(Get Free Report)

Bolt Biotherapeutics is a clinical-stage immuno-oncology company focused on developing novel targeted therapies that engage both innate and adaptive immune responses against cancer. The company’s proprietary Biologics-Driven Checkpoint (BDC) platform combines tumor-targeting antibodies with innate immune agonists to activate antigen-presenting cells within the tumor microenvironment, thereby promoting robust T-cell mediated tumor cell killing. Its lead candidate, BDC-1001, couples a HER2-directed monoclonal antibody with a Toll-like receptor 7/8 agonist and is currently in Phase I clinical trials for HER2-positive solid tumors.

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