Lakewood-Amedex Biotherapeutics Inc. (NASDAQ:LABT – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 56,253 shares, a decrease of 55.4% from the July 30th total of 126,080 shares. Based on an average daily trading volume, of 140,397 shares, the short-interest ratio is presently 0.4 days. Approximately 2.5% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Several research firms recently weighed in on LABT. Wall Street Zen cut shares of Lakewood-Amedex Biotherapeutics from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings began coverage on shares of Lakewood-Amedex Biotherapeutics in a report on Monday, July 20th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Get Our Latest Research Report on LABT
Lakewood-Amedex Biotherapeutics Stock Down 7.6%
Lakewood-Amedex Biotherapeutics (NASDAQ:LABT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($2.75) earnings per share for the quarter. On average, equities research analysts forecast that Lakewood-Amedex Biotherapeutics will post 2.52 earnings per share for the current fiscal year.
Lakewood-Amedex Biotherapeutics Company Profile
We are a biotechnology company focused on leveraging unique, pioneering science to address unmet needs in the treatment of infectious diseases, improving patient outcomes, and significantly reducing the threat posed by antibiotic-resistant bacterial strains, including methicillin resistant Staphylococcus aureus (MRSA), vancomycin resistant Enterococci species (VRE), and others. Antimicrobial resistance (AMR) represents a growing global health crisis, being directly responsible for 1.27 million deaths annually and contributing to nearly 5 million deaths worldwide.
Recommended Stories
- Five stocks we like better than Lakewood-Amedex Biotherapeutics
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Lakewood-Amedex Biotherapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakewood-Amedex Biotherapeutics and related companies with MarketBeat.com's FREE daily email newsletter.
