RedHill Biopharma Ltd. (NASDAQ:RDHL – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 49,800 shares, a drop of 58.7% from the August 31st total of 120,500 shares. Based on an average daily trading volume, of 317,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.9% of the shares of the company are short sold.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of RedHill Biopharma in a research report on Saturday, August 24th. They issued a “hold” rating on the stock.
Read Our Latest Stock Report on RDHL
Institutional Trading of RedHill Biopharma
RedHill Biopharma Trading Down 7.4 %
Shares of NASDAQ RDHL opened at $8.63 on Friday. The company’s 50-day simple moving average is $9.65 and its 200-day simple moving average is $10.58. RedHill Biopharma has a 52-week low of $6.43 and a 52-week high of $82.00.
About RedHill Biopharma
RedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company develops and commercializes Talicia for the treatment of H. pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults. Its pipeline consists of five therapeutic candidates, which are in clinical development include opaganib for treating patients hospitalized with SARS-CoV-2 severe COVID-19 pneumonia, advanced unresectable cholangiocarcinoma, prostate cancer, and nuclear radiation protection; RHB-107 (upamostat) for treating outpatients infected with SARS-CoV-2 (COVID-19 disease) and advanced unresectable cholangiocarcinoma; RHB-104 for Crohn's disease; RHB-102 (Bekinda) for the treatment of acute gastroenteritis and gastritis, irritable bowel syndrome with diarrhea, and oncology support anti-emetic; and RHB-204 for pulmonary nontuberculous mycobacteria infections caused by mycobacterium avium complex.
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