Rexahn Pharmaceuticals, Inc. (RNN) Sees Large Decrease in Short Interest

Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) was the target of a large decline in short interest in the month of January. As of January 12th, there was short interest totalling 1,356,967 shares, a decline of 19.2% from the December 29th total of 1,679,492 shares. Based on an average daily volume of 264,650 shares, the short-interest ratio is currently 5.1 days. Currently, 4.4% of the shares of the company are short sold.

A number of institutional investors have recently modified their holdings of RNN. Susquehanna International Group LLP bought a new position in Rexahn Pharmaceuticals in the 2nd quarter worth $2,905,000. Sabby Management LLC bought a new position in Rexahn Pharmaceuticals in the 2nd quarter worth $706,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rexahn Pharmaceuticals in the 3rd quarter worth $119,000.

Shares of Rexahn Pharmaceuticals (NYSEAMERICAN RNN) opened at $2.29 on Friday. Rexahn Pharmaceuticals has a 1 year low of $0.38 and a 1 year high of $7.10. The stock has a market cap of $71.83, a price-to-earnings ratio of -2.46 and a beta of -0.66.

Rexahn Pharmaceuticals (NYSEAMERICAN:RNN) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.06.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Rexahn Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Friday, November 10th. ValuEngine raised shares of Rexahn Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 2nd. HC Wainwright reissued a “buy” rating and set a $19.50 price objective on shares of Rexahn Pharmaceuticals in a research report on Monday, January 22nd. Finally, Seaport Global Securities reissued a “buy” rating and set a $13.00 price objective on shares of Rexahn Pharmaceuticals in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.65.

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Rexahn Pharmaceuticals Company Profile

Rexahn Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer. The Company’s clinical-stage drug candidates in active development include Archexin, RX-3117 and Supinoxin (RX-5902). Archexin is a potent inhibitor of the protein kinase Akt-1, which focuses on cancer cell proliferation, survival, angiogenesis, metastasis and drug resistance.

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