Can-Fite BioPharma Ltd. (NYSE:CANF – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 102,500 shares, a decline of 42.7% from the August 31st total of 179,000 shares. Based on an average daily volume of 198,500 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 198,500 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On Can-Fite BioPharma
An institutional investor recently raised its position in Can-Fite BioPharma stock. Rhumbline Advisers boosted its position in Can-Fite BioPharma Ltd. (NYSE:CANF – Free Report) by 42.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,268 shares of the company’s stock after acquiring an additional 11,388 shares during the period. Rhumbline Advisers owned 1.08% of Can-Fite BioPharma worth $57,000 at the end of the most recent reporting period. 21.00% of the stock is owned by institutional investors and hedge funds.
Can-Fite BioPharma Price Performance
NYSE CANF opened at $0.63 on Monday. Can-Fite BioPharma has a 1 year low of $0.59 and a 1 year high of $3.12. The stock has a market capitalization of $2.24 million, a PE ratio of -0.35 and a beta of 1.01. The company’s 50 day simple moving average is $0.66 and its two-hundred day simple moving average is $0.98.
Analysts Set New Price Targets
Read Our Latest Report on Can-Fite BioPharma
Can-Fite BioPharma Company Profile
Can-Fite BioPharma Ltd., a clinical-stage biopharmaceutical company, develops small molecule therapeutic products for the treatment of cancer, liver inflammatory diseases, and erectile dysfunction. The company's lead drug candidate Piclidenoson, which has been completed Phase III clinical trial for the treatment of psoriasis; and Phase II clinical trial for the treatment of COVID-19.
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