Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) Sees Large Growth in Short Interest

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 214,975 shares, a growth of 17.8% from the February 12th total of 182,496 shares. Based on an average daily volume of 35,157 shares, the days-to-cover ratio is currently 6.1 days. Based on an average daily volume of 35,157 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NTHI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Neonc Technologies in a research report on Monday, December 29th. Zacks Research upgraded Neonc Technologies to a “hold” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Neonc Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Neonc Technologies by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 226,486 shares of the company’s stock valued at $2,056,000 after buying an additional 2,207 shares in the last quarter. Westmount Partners LLC raised its holdings in Neonc Technologies by 7.7% in the 4th quarter. Westmount Partners LLC now owns 43,320 shares of the company’s stock valued at $358,000 after acquiring an additional 3,112 shares during the last quarter. State Street Corp grew its position in shares of Neonc Technologies by 9.9% during the fourth quarter. State Street Corp now owns 43,170 shares of the company’s stock worth $357,000 after buying an additional 3,900 shares in the last quarter. Barclays PLC grew its holdings in Neonc Technologies by 5,314.8% during the 4th quarter. Barclays PLC now owns 9,151 shares of the company’s stock worth $76,000 after acquiring an additional 8,982 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Neonc Technologies during the third quarter worth $100,000.

Neonc Technologies Price Performance

Shares of NASDAQ NTHI traded down $0.67 on Wednesday, reaching $8.20. 14,684 shares of the company’s stock traded hands, compared to its average volume of 55,475. The business’s 50 day simple moving average is $9.44 and its two-hundred day simple moving average is $9.42. Neonc Technologies has a 12 month low of $3.20 and a 12 month high of $25.00.

About Neonc Technologies

Neonc Technologies Holdings, Inc develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. Its lead products in development include NEO100, which is in Phase 2a clinical trials for treating glioblastoma; and NEO212, a covalently conjugated molecule combining the chemotherapeutic drug temozolomide with perillyl alcohol that is completed preclinical testing. The company was incorporated in 2023 and is based in Los Angeles, California.