Innate Pharma S.A. (NASDAQ:IPHA) Short Interest Up 1,344.1% in December

Innate Pharma S.A. (NASDAQ:IPHA) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 909,800 shares, a growth of 1,344.1% from the November 30th total of 63,000 shares. Based on an average daily trading volume, of 461,600 shares, the days-to-cover ratio is presently 2.0 days.

Innate Pharma Trading Up 2.4 %

NASDAQ IPHA traded up $0.05 on Thursday, hitting $2.11. 41,706 shares of the stock were exchanged, compared to its average volume of 127,127. The company’s 50-day moving average price is $1.80 and its two-hundred day moving average price is $2.05. Innate Pharma has a 52-week low of $1.29 and a 52-week high of $3.51.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IPHA shares. Evercore ISI raised Innate Pharma to a “strong-buy” rating in a report on Monday, September 16th. HC Wainwright reissued a “buy” rating and set a $11.50 target price on shares of Innate Pharma in a research note on Monday, December 9th.

About Innate Pharma

Innate Pharma SA, a biotechnology company, develops immunotherapies for cancer patients in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; IPH5201, a blocking antibody that is in Phase II clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; IPH6401, an BCMA-targeting NK cell engager; and IPH6101, a NKp46-based NK cell engager that targets CD123 proprietary multi-specific antibody format; and IPH62, an B7-H3-targeting NK cell engager.