Short Interest in Matinas BioPharma Holdings Inc (MTNB) Declines By 8.0%
Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,225,623 shares, a decline of 8.0% from the January 12th total of 1,331,591 shares. Based on an average daily volume of 142,829 shares, the days-to-cover ratio is presently 8.6 days. Currently, 1.7% of the company’s stock are short sold.
Shares of Matinas BioPharma (NYSEAMERICAN MTNB) opened at $0.91 on Wednesday. The firm has a market capitalization of $82.73, a P/E ratio of -2.46 and a beta of 0.38. Matinas BioPharma has a 52 week low of $0.83 and a 52 week high of $3.99.
Matinas BioPharma (NYSEAMERICAN:MTNB) last posted its earnings results on Wednesday, November 15th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.05 million. Matinas BioPharma had a negative return on equity of 195.09% and a negative net margin of 7,558.92%.
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Matinas BioPharma Company Profile
Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.
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