Heat Biologics, Inc. (HTBX) Sees Significant Drop in Short Interest
Heat Biologics, Inc. (NASDAQ:HTBX) was the recipient of a significant decrease in short interest in September. As of September 29th, there was short interest totalling 1,429,337 shares, a decrease of 33.8% from the September 15th total of 2,159,713 shares. Based on an average trading volume of 312,051 shares, the days-to-cover ratio is presently 4.6 days. Currently, 4.2% of the shares of the stock are short sold.
Heat Biologics (NASDAQ:HTBX) opened at 0.63 on Wednesday. Heat Biologics has a 52-week low of $0.46 and a 52-week high of $3.35. The stock’s market cap is $22.55 million. The firm has a 50-day moving average price of $0.62 and a 200 day moving average price of $0.64.
A hedge fund recently raised its stake in Heat Biologics stock. Vanguard Group Inc. increased its position in Heat Biologics, Inc. (NASDAQ:HTBX) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 661,388 shares of the biopharmaceutical company’s stock after buying an additional 70,290 shares during the quarter. Vanguard Group Inc. owned about 1.86% of Heat Biologics worth $403,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.74% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research cut Heat Biologics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Noble Financial reiterated a “buy” rating on shares of Heat Biologics in a research report on Tuesday, July 4th. ValuEngine cut Heat Biologics from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. Finally, Griffin Securities assumed coverage on Heat Biologics in a research report on Tuesday, September 12th. They issued a “buy” rating and a $2.25 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.13.
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About Heat Biologics
Heat Biologics, Inc is a development-stage company focused on developing allogeneic, off-the-shelf cellular therapeutic vaccines to combat a range of cancers. The Company is an immuno-oncology company, which focuses on T cell-stimulating platform technologies, such as Immune Pan-Antigen Cytotoxic Therapy (ImPACT) and Combination Pan-Antigen Cytotoxic Therapy (ComPACT).
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