OncoSec Medical Incorporated (ONCS) Sees Large Growth in Short Interest
OncoSec Medical Incorporated (NASDAQ:ONCS) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 1,746,675 shares, a growth of 203.3% from the October 13th total of 575,924 shares. Based on an average trading volume of 2,088,182 shares, the short-interest ratio is presently 0.8 days. Currently, 6.3% of the company’s stock are sold short.
Several equities analysts have recently weighed in on the company. ValuEngine cut OncoSec Medical from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Maxim Group restated a “buy” rating and issued a $5.00 price objective on shares of OncoSec Medical in a report on Friday, September 1st. Finally, HC Wainwright restated a “buy” rating and issued a $6.00 price objective on shares of OncoSec Medical in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. OncoSec Medical has an average rating of “Buy” and an average target price of $5.33.
OncoSec Medical (ONCS) opened at $2.22 on Thursday. OncoSec Medical has a 1-year low of $0.88 and a 1-year high of $2.95.
OncoSec Medical (NASDAQ:ONCS) last posted its quarterly earnings results on Wednesday, October 25th. The biotechnology company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). research analysts predict that OncoSec Medical will post -0.86 EPS for the current year.
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About OncoSec Medical
OncoSec Medical Incorporated is a biotechnology company. The Company is focused on designing, developing and commercializing gene therapies, therapeutics and medical approaches to stimulate an anti-tumor immune response for the treatment of cancer. The Company’s lead product candidate, ImmunoPulse IL-12, consists of a plasmid construct encoding the proinflammatory cytokine, IL-12, which is delivered into the tumor through in vivo electroporation.
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