NanoViricides Inc (NNVC) Sees Large Increase in Short Interest
NanoViricides Inc (NYSEAMERICAN:NNVC) was the recipient of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 184,053 shares, an increase of 135.3% from the March 15th total of 78,226 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 281,738 shares, the days-to-cover ratio is currently 0.7 days.
NYSEAMERICAN NNVC opened at $0.27 on Wednesday. NanoViricides has a 12-month low of $0.20 and a 12-month high of $0.86.
NanoViricides (NYSEAMERICAN:NNVC) last announced its quarterly earnings results on Tuesday, February 19th. The company reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03).
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NanoViricides, Inc, a nano-biopharmaceutical company, discovers, develops, and commercializes therapeutics for the treatment of viral infections. The company is developing anti-influenza drug candidates at pre-clinical and advanced pre-clinical stage, which include two FluCide drugs, such as NV-INF-2, an oral anti-influenza drug and NV-INF-1, an injectable anti-influenza drug for H7N9, Bird Flu H5N1, and other Highly Pathogenic Influenzas; and HIVCide, an anti-human immunodeficiency virus (HIV) drug candidate that could provide functional cure for HIV/AIDS.
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