Short Interest in Dicerna Pharmaceuticals (OTCMKTS:SLNCF) Rises By 52.0%
Dicerna Pharmaceuticals (OTCMKTS:SLNCF) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 3,800 shares, a growth of 52.0% from the August 15th total of 2,500 shares. Based on an average trading volume of 900 shares, the short-interest ratio is currently 4.2 days.
Separately, HC Wainwright initiated coverage on shares of Dicerna Pharmaceuticals in a report on Monday, August 24th. They set a “buy” rating for the company.
Shares of Dicerna Pharmaceuticals stock opened at $6.14 on Wednesday. Dicerna Pharmaceuticals has a 12-month low of $2.08 and a 12-month high of $7.70.
Silence Therapeutics plc focuses on the discovery, development, and delivery of novel RNA therapeutics in hematology, cardiovascular, and other rare and metabolic indications. The company designs short interfering RNA (siRNA) molecules that trigger the RNAi pathway and mediate the degradation of specific target messenger RNAs.
Further Reading: Why do company’s buyback their stock?
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