ABVC BioPharma, Inc. (NASDAQ:ABVC) Short Interest Update

ABVC BioPharma, Inc. (NASDAQ:ABVC) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 370,000 shares, a drop of 15.0% from the May 31st total of 435,100 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 0.3 days. Currently, 3.7% of the company’s stock are short sold.

Institutional Investors Weigh In On ABVC BioPharma

A hedge fund recently bought a new stake in ABVC BioPharma stock. Chase Investment Counsel Corp bought a new position in shares of ABVC BioPharma, Inc. (NASDAQ:ABVC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 178,377 shares of the company’s stock, valued at approximately $233,000. Chase Investment Counsel Corp owned about 1.69% of ABVC BioPharma as of its most recent SEC filing. Institutional investors own 11.38% of the company’s stock.

ABVC BioPharma Price Performance

ABVC stock opened at $0.82 on Tuesday. The firm has a market capitalization of $8.90 million, a P/E ratio of -0.36 and a beta of 0.71. The business’s 50-day moving average is $0.97 and its two-hundred day moving average is $1.16. ABVC BioPharma has a 1 year low of $0.67 and a 1 year high of $6.87.

ABVC BioPharma (NASDAQ:ABVC) last posted its quarterly earnings results on Friday, May 17th. The company reported ($0.40) earnings per share (EPS) for the quarter. ABVC BioPharma had a negative net margin of 50,504.00% and a negative return on equity of 207.72%.

About ABVC BioPharma

ABVC BioPharma, Inc, a clinical stage biopharmaceutical company, develops drugs and medical devices to fulfill unmet medical needs in the United States. The company is developing ABV-1501, which is in Phase II clinical trials a combination therapy for triple negative breast cancer; ABV-1504 has completed Phase II clinical trials for major depressive disorders; ABV-1505, which is in Phase II clinical trials for adult attention deficit hyperactivity disorder; ABV-1703, which is in Phase II clinical trials for the treatment of metastatic pancreatic cancer; ABV-1702, which is in Phase II clinical trials to treat myelodysplastic syndromes; and ABV-1601 that is in Phase I/II clinical trials for treating depression in cancer patients.