Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) Short Interest Down 92.1% in September

Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 15,200 shares, a drop of 92.1% from the September 15th total of 193,500 shares. Based on an average daily trading volume, of 479,800 shares, the days-to-cover ratio is currently 0.0 days.

Quoin Pharmaceuticals Price Performance

NASDAQ QNRX traded down $0.01 during trading hours on Friday, reaching $0.52. 61,525 shares of the company’s stock traded hands, compared to its average volume of 370,034. The firm has a market cap of $2.07 million, a PE ratio of -0.09 and a beta of 1.95. Quoin Pharmaceuticals has a 52-week low of $0.48 and a 52-week high of $6.18. The firm has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $0.66.

Quoin Pharmaceuticals (NASDAQ:QNRX) last released its earnings results on Thursday, August 8th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.36. During the same quarter in the previous year, the business earned ($2.13) EPS. Sell-side analysts forecast that Quoin Pharmaceuticals will post -2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Quoin Pharmaceuticals

A hedge fund recently bought a new stake in Quoin Pharmaceuticals stock. Virtu Financial LLC acquired a new stake in shares of Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,749 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned approximately 0.77% of Quoin Pharmaceuticals as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 8.63% of the company’s stock.

About Quoin Pharmaceuticals

Quoin Pharmaceuticals, Ltd., a clinical stage specialty pharmaceutical company, focuses on the development and commercialization of therapeutic products for rare and orphan diseases. Its lead product is QRX003, a topical lotion to treat Netherton Syndrome (NS). The company is also developing QRX004 for the treatment of recessive dystrophic epidermolysis bullosa; QRX007 to treat NS; and QRX008 for the treatment of scleroderma.