Short Interest in Clinuvel Pharmaceuticals Limited (OTCMKTS:CLVLY) Decreases By 97.2%

Clinuvel Pharmaceuticals Limited (OTCMKTS:CLVLYGet Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 200 shares, a drop of 97.2% from the June 30th total of 7,045 shares. Based on an average trading volume of 3,664 shares, the short-interest ratio is presently 0.1 days.

Clinuvel Pharmaceuticals Stock Performance

OTCMKTS:CLVLY opened at $7.35 on Friday. The firm’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $7.22. Clinuvel Pharmaceuticals has a twelve month low of $5.98 and a twelve month high of $9.00.

About Clinuvel Pharmaceuticals

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Clinuvel Pharmaceuticals Limited is an Australian biopharmaceutical company headquartered in Melbourne, specializing in the development and commercialisation of photoprotective and phototherapeutic solutions. The company’s research centers on harnessing the skin’s natural photoprotective pathways by modulating the melanocortin system, with a view to addressing a range of skin disorders and conditions that are exacerbated by ultraviolet light exposure.

The company’s flagship product, Scenesse (afamelanotide), is the first systemic photoprotective drug approved by both the European Medicines Agency and the U.S.

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