Ohr Pharmaceuticals (OHRP) Downgraded to “Strong Sell” at ValuEngine
ValuEngine lowered shares of Ohr Pharmaceuticals (NASDAQ:OHRP) from a sell rating to a strong sell rating in a report published on Friday morning.
OHRP has been the topic of several other research reports. Roth Capital initiated coverage on Ohr Pharmaceuticals in a report on Monday, November 27th. They set a buy rating and a $7.00 price target on the stock. Zacks Investment Research downgraded Ohr Pharmaceuticals from a buy rating to a hold rating in a report on Friday, October 20th.
Ohr Pharmaceuticals (NASDAQ:OHRP) opened at $0.38 on Friday. Ohr Pharmaceuticals has a twelve month low of $0.35 and a twelve month high of $2.18.
Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new stake in shares of Ohr Pharmaceuticals in the third quarter worth $311,000. Garrison Bradford & Associates Inc. grew its stake in shares of Ohr Pharmaceuticals by 482.4% in the third quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock worth $358,000 after acquiring an additional 412,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Ohr Pharmaceuticals by 0.7% in the second quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after acquiring an additional 5,481 shares during the last quarter. Institutional investors and hedge funds own 8.25% of the company’s stock.
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About Ohr Pharmaceuticals
OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.
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