Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL – Get Free Report) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 135,611 shares, a decline of 57.8% from the December 31st total of 321,082 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 82,847 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 82,847 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.
Adlai Nortye Stock Down 3.6%
Shares of ANL stock opened at $3.47 on Thursday. Adlai Nortye has a fifty-two week low of $0.88 and a fifty-two week high of $4.00. The stock’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.63.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Adlai Nortye in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.
Adlai Nortye Company Profile
Adlai Nortye Inc (NASDAQ: ANL) is a specialty chemical manufacturer headquartered in China’s Jiangsu Province. The company focuses on the research, development, production and sale of fine chemicals, with a primary emphasis on amino acids and their derivatives.
Adlai Nortye’s product portfolio includes betaine compounds, a range of high-purity L-amino acids such as L-methionine, L-threonine and glycine, as well as various chemical intermediates. These offerings serve multiple end markets, including animal feed and nutrition, personal care and cosmetic formulations, pharmaceutical ingredients and industrial chemical processes.
The company operates multiple production facilities alongside an in-house research and development center dedicated to process innovation and quality control.
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