Cleveland BioLabs, Inc. (NASDAQ:CBLI) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 247,937 shares, a decrease of 50.5% from the May 15th total of 500,700 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily volume of 183,921 shares, the days-to-cover ratio is currently 1.3 days.
Shares of Cleveland BioLabs (NASDAQ CBLI) opened at 3.27 on Friday. The stock’s market capitalization is $36.88 million. The firm has a 50-day moving average of $3.50 and a 200 day moving average of $2.26. Cleveland BioLabs has a 12-month low of $1.22 and a 12-month high of $5.55.
Cleveland BioLabs (NASDAQ:CBLI) last issued its earnings results on Monday, May 15th. The biotechnology company reported ($0.15) earnings per share for the quarter. The firm had revenue of $0.58 million during the quarter. Cleveland BioLabs had a negative net margin of 111.40% and a negative return on equity of 28.45%. Equities analysts forecast that Cleveland BioLabs will post ($0.16) earnings per share for the current fiscal year.
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Cleveland BioLabs Company Profile
Cleveland BioLabs, Inc (CBLI) is a biopharmaceutical company. The Company is engaged in developing approaches to activate the immune system and address serious medical needs. Its platform of Toll-like immune receptor activators has applications in mitigation of radiation injury and immuno-oncology. Its advanced product candidate is Entolimod, an immuno-stimulatory agent, which it is developing as a radiation countermeasure and an immunotherapy for oncology and other indications.
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