Lyell Immunopharma, Inc. (NASDAQ:LYEL) Short Interest Update

Lyell Immunopharma, Inc. (NASDAQ:LYELGet Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 10,660,000 shares, a drop of 19.4% from the September 15th total of 13,220,000 shares. Currently, 9.4% of the company’s shares are sold short. Based on an average daily trading volume, of 667,100 shares, the short-interest ratio is presently 16.0 days.

Lyell Immunopharma Stock Performance

LYEL opened at $1.18 on Monday. The business’s 50-day simple moving average is $1.35 and its 200 day simple moving average is $1.88. Lyell Immunopharma has a 52-week low of $1.06 and a 52-week high of $3.26. The firm has a market capitalization of $300.83 million, a PE ratio of -1.31 and a beta of -0.53.

Lyell Immunopharma (NASDAQ:LYELGet Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Lyell Immunopharma had a negative return on equity of 33.35% and a negative net margin of 389,368.50%. The company had revenue of $0.01 million for the quarter. On average, research analysts forecast that Lyell Immunopharma will post -0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

LYEL has been the topic of several recent analyst reports. HC Wainwright reiterated a “neutral” rating and set a $1.00 target price on shares of Lyell Immunopharma in a report on Monday, August 19th. Bank of America decreased their price objective on Lyell Immunopharma from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, June 27th.

Read Our Latest Report on Lyell Immunopharma

Institutional Trading of Lyell Immunopharma

Large investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lyell Immunopharma in the first quarter valued at approximately $191,000. Acadian Asset Management LLC acquired a new stake in Lyell Immunopharma during the 1st quarter valued at $173,000. TD Asset Management Inc boosted its position in Lyell Immunopharma by 4.2% during the second quarter. TD Asset Management Inc now owns 1,004,642 shares of the company’s stock worth $1,457,000 after purchasing an additional 40,800 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Lyell Immunopharma during the first quarter worth $64,000. Finally, Bank of New York Mellon Corp boosted its position in Lyell Immunopharma by 6.1% during the second quarter. Bank of New York Mellon Corp now owns 671,966 shares of the company’s stock worth $974,000 after purchasing an additional 38,487 shares during the period. Institutional investors and hedge funds own 66.05% of the company’s stock.

Lyell Immunopharma Company Profile

(Get Free Report)

Lyell Immunopharma, Inc, a clinical-stage cell therapy company, develops T cell reprogramming technologies for patients with solid tumors. The company develops therapies using an ex vivo genetic reprogramming technologies, such as c Jun overexpression and NR4A3 gene knockout, to endow resistance to T cell exhaustion; and an ex vivo epigenetic reprogramming technologies, including Epi R to generate population of T cells with durable stemness, and Stim R, a proprietary synthetic cell mimetic.

Further Reading

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