Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) was the target of a large decrease in short interest in December. As of December 29th, there was short interest totalling 1,464,128 shares, a decrease of 15.0% from the December 15th total of 1,723,304 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 238,293 shares, the short-interest ratio is presently 6.1 days.

Matinas BioPharma (MTNB) opened at $1.27 on Tuesday. Matinas BioPharma has a fifty-two week low of $1.01 and a fifty-two week high of $3.99. The stock has a market capitalization of $118.05, a PE ratio of -3.43 and a beta of 0.69.

Matinas BioPharma (NYSEAMERICAN:MTNB) last issued its earnings results on Wednesday, November 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Matinas BioPharma had a negative return on equity of 195.09% and a negative net margin of 7,558.92%. The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.05 million.

A hedge fund recently bought a new stake in Matinas BioPharma stock. Yellowstone Partners LLC bought a new position in Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 143,914 shares of the company’s stock, valued at approximately $190,000. Yellowstone Partners LLC owned approximately 0.16% of Matinas BioPharma as of its most recent SEC filing.

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About Matinas BioPharma

Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.

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