Sunshine Biopharma, Inc. (NASDAQ:SBFMW – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,317 shares, a drop of 76.6% from the May 14th total of 5,626 shares. Based on an average daily volume of 26,884 shares, the days-to-cover ratio is presently 0.0 days.
Sunshine Biopharma Trading Down 11.5%
Shares of NASDAQ:SBFMW opened at $0.03 on Wednesday. The company’s fifty day moving average is $0.12 and its 200 day moving average is $0.15. Sunshine Biopharma has a 52 week low of $0.03 and a 52 week high of $0.65.
About Sunshine Biopharma
Sunshine Biopharma is a development-stage biopharmaceutical company focused on the discovery and development of novel small-molecule therapeutics for oncology and antiviral applications. The company’s research activities encompass the design, synthesis and preclinical evaluation of compounds that inhibit key pathways involved in cell proliferation and viral replication.
Among its lead programs, Sunshine Biopharma is advancing Adva-27a, a topoisomerase II inhibitor licensed from the National Research Council of Canada, which is undergoing preclinical studies for potential use in breast and ovarian cancers.
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