Matinas BioPharma Holdings Inc (MTNB) Short Interest Update
Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 4,610,838 shares, a decrease of 14.4% from the April 15th total of 5,388,329 shares. Approximately 3.9% of the shares of the company are short sold. Based on an average trading volume of 853,319 shares, the short-interest ratio is currently 5.4 days.
Several equities analysts have commented on MTNB shares. Zacks Investment Research raised Matinas BioPharma from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a report on Tuesday, April 16th. Roth Capital started coverage on Matinas BioPharma in a report on Monday, February 11th. They issued a “buy” rating and a $4.75 price target for the company. BTIG Research started coverage on Matinas BioPharma in a report on Friday, May 17th. They issued a “buy” rating and a $5.00 price target for the company. Finally, Maxim Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of Matinas BioPharma in a report on Thursday, May 16th.
Matinas BioPharma stock opened at $1.00 on Wednesday. Matinas BioPharma has a 12 month low of $0.32 and a 12 month high of $1.50.
Several institutional investors and hedge funds have recently modified their holdings of MTNB. Renaissance Technologies LLC raised its holdings in shares of Matinas BioPharma by 325.6% in the 3rd quarter. Renaissance Technologies LLC now owns 134,900 shares of the company’s stock worth $124,000 after buying an additional 103,200 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Matinas BioPharma in the 4th quarter worth approximately $39,000. IFP Advisors Inc raised its holdings in shares of Matinas BioPharma by 222.0% in the 4th quarter. IFP Advisors Inc now owns 1,775,000 shares of the company’s stock worth $1,083,000 after buying an additional 1,223,828 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Matinas BioPharma by 147.1% in the 4th quarter. BlackRock Inc. now owns 290,589 shares of the company’s stock worth $173,000 after buying an additional 173,005 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Matinas BioPharma by 100.4% in the 4th quarter. Private Advisor Group LLC now owns 49,850 shares of the company’s stock worth $30,000 after buying an additional 24,978 shares in the last quarter.
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Matinas BioPharma Company Profile
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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