HCW Biologics Inc. (NASDAQ:HCWB) Sees Large Growth in Short Interest

HCW Biologics Inc. (NASDAQ:HCWB) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 144,700 shares, an increase of 1,686.4% from the October 31st total of 8,100 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 8,960,000 shares, the days-to-cover ratio is presently 0.0 days.

HCW Biologics Stock Down 10.1 %

Shares of NASDAQ:HCWB opened at $0.50 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.07 and a current ratio of 0.07. HCW Biologics has a 52-week low of $0.28 and a 52-week high of $2.52. The company has a market capitalization of $18.99 million, a PE ratio of -0.50 and a beta of 0.83. The company has a fifty day moving average of $0.53 and a 200-day moving average of $0.67.

HCW Biologics Company Profile

HCW Biologics Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and age-related diseases in the United States. The company's lead products include HCW9218, which is in Phase 1 clinical chemo-refractory/chemo-resistant solid tumors with pancreatic, ovarian, breast, prostate, and colorectal cancers, as well as Phase 2 clinical trial with metastatic advanced stage ovarian cancer patients; and HCW9302 for autoimmune and proinflammatory diseases, such as alopecia areata diseases.