BriaCell Therapeutics Corp. (NASDAQ:BCTX) Sees Significant Growth in Short Interest

BriaCell Therapeutics Corp. (NASDAQ:BCTXGet Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 727,600 shares, a growth of 62.0% from the September 30th total of 449,200 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 4,780,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BriaCell Therapeutics stock. Vontobel Holding Ltd. acquired a new stake in BriaCell Therapeutics Corp. (NASDAQ:BCTXFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $99,000. Vontobel Holding Ltd. owned approximately 0.44% of BriaCell Therapeutics at the end of the most recent reporting period. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $15.00 price objective on shares of BriaCell Therapeutics in a research report on Thursday, October 3rd.

Check Out Our Latest Stock Analysis on BriaCell Therapeutics

BriaCell Therapeutics Stock Down 2.6 %

Shares of BriaCell Therapeutics stock opened at $0.87 on Friday. BriaCell Therapeutics has a 52 week low of $0.46 and a 52 week high of $5.97. The firm’s 50 day moving average is $0.79 and its two-hundred day moving average is $1.18. The firm has a market capitalization of $15.85 million, a P/E ratio of -0.69 and a beta of 1.34.

BriaCell Therapeutics Company Profile

(Get Free Report)

BriaCell Therapeutics Corp., a clinical stage immuno-oncology company, engages in developing targeted immunotherapies to transform cancer care. Its lead candidate is Bria-IMT, a targeted cell-based immunotherapy that is being evaluated in a pivotal Phase 3 combination study for metastatic breast cancer.

Further Reading

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