Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,721,565 shares, an increase of 25.7% from the January 15th total of 4,550,674 shares. Currently, 6.0% of the company’s stock are short sold. Based on an average daily volume of 961,409 shares, the short-interest ratio is presently 6.0 days.
Several equities research analysts have commented on the stock. Maxim Group boosted their price target on shares of Matinas BioPharma from $2.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Roth Capital assumed coverage on shares of Matinas BioPharma in a report on Monday. They issued a “buy” rating and a $4.75 target price on the stock.
Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in Matinas BioPharma by 222.0% during the 4th quarter. IFP Advisors Inc now owns 1,775,000 shares of the company’s stock valued at $1,083,000 after purchasing an additional 1,223,828 shares during the last quarter. BlackRock Inc. raised its stake in Matinas BioPharma by 147.1% during the 4th quarter. BlackRock Inc. now owns 290,589 shares of the company’s stock worth $173,000 after acquiring an additional 173,005 shares during the period. K.J. Harrison & Partners Inc bought a new stake in Matinas BioPharma during the 3rd quarter worth approximately $150,000. Renaissance Technologies LLC raised its stake in Matinas BioPharma by 325.6% during the 3rd quarter. Renaissance Technologies LLC now owns 134,900 shares of the company’s stock worth $124,000 after acquiring an additional 103,200 shares during the period. Finally, Virtu Financial LLC bought a new stake in Matinas BioPharma during the 4th quarter worth approximately $39,000.
Matinas BioPharma (NYSEAMERICAN:MTNB) last announced its quarterly earnings data on Monday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter.
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About Matinas BioPharma
Matinas BioPharma Holdings, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of various product candidates. The company enables the delivery of life-changing medicines using its lipid nano-crystal (LNC) platform technology. Its LNC delivery technology platform utilizes lipid nano-crystals which can encapsulate small molecules, oligonucleotides, vaccines, peptides, proteins and other medicines potentially making them safer, more tolerable, less toxic, and orally bioavailable.
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