Innovent Biologics, Inc. (OTCMKTS:IVBXF – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 194,477 shares, a decrease of 81.2% from the September 15th total of 1,032,783 shares. Based on an average daily trading volume, of 1,505 shares, the days-to-cover ratio is currently 129.2 days.
Innovent Biologics Stock Performance
Shares of OTCMKTS IVBXF opened at $12.14 on Friday. The stock’s 50-day moving average is $12.57 and its two-hundred day moving average is $11.37. Innovent Biologics has a 1-year low of $9.10 and a 1-year high of $15.01.
About Innovent Biologics
Innovent Biologics, Inc is a China-based biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative medicines and biosimilars. The company’s research and development activities primarily address oncology, autoimmune diseases, metabolic disorders and other serious medical conditions.
Innovent’s portfolio includes therapies such as TYVYT (sintilimab), an immunotherapy used in certain cancer treatments, and olverembatinib, a targeted therapy for specific forms of chronic myeloid leukemia.
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