Theriva Biologics, Inc. (NYSEAMERICAN:TOVX – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,452,613 shares, a decrease of 51.0% from the June 15th total of 2,962,839 shares. Currently, 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,062,756 shares, the short-interest ratio is presently 1.4 days.
Wall Street Analyst Weigh In
Separately, Maxim Group upgraded shares of Theriva Biologics from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $1.00.
Check Out Our Latest Report on TOVX
Theriva Biologics Stock Down 6.0%
Theriva Biologics (NYSEAMERICAN:TOVX – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.30 million during the quarter.
Institutional Investors Weigh In On Theriva Biologics
An institutional investor recently bought a new position in Theriva Biologics stock. Two Sigma Investments LP bought a new position in Theriva Biologics, Inc. (NYSEAMERICAN:TOVX – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 61,837 shares of the company’s stock, valued at approximately $25,000. Two Sigma Investments LP owned approximately 0.64% of Theriva Biologics as of its most recent SEC filing. Institutional investors and hedge funds own 6.17% of the company’s stock.
About Theriva Biologics
Theriva Biologics, Inc, a clinical-stage company, develops therapeutics to treat cancer and related diseases in areas of high unmet need in the United States. The company’s lead product candidate is VCN-01, a clinical stage oncolytic human adenovirus that is in a Phase 2 clinical study for the treatment of pancreatic cancer; a Phase 1 clinical study for the treatment of retinalblastoma; a Phase 1 clinical study for the treatment of head and neck squamous cell carcinoma; and a Phase 1 clinical study for the treatment of solid tumors.
See Also
- Five stocks we like better than Theriva Biologics
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Theriva Biologics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Theriva Biologics and related companies with MarketBeat.com's FREE daily email newsletter.
