Cingulate Inc. (NASDAQ:CINGW – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 864 shares, a decrease of 35.2% from the September 15th total of 1,333 shares. Based on an average trading volume of 3,292 shares, the short-interest ratio is currently 0.3 days.
Cingulate Trading Up 29.9%
Shares of Cingulate stock traded up $0.00 during midday trading on Friday, hitting $0.01. The company had a trading volume of 65,870 shares, compared to its average volume of 31,995. Cingulate has a 1-year low of $0.00 and a 1-year high of $0.12. The business’s 50 day simple moving average is $0.01 and its two-hundred day simple moving average is $0.02.
Cingulate Company Profile
Cingulate Inc is a clinical-stage biopharmaceutical company developing treatments for central nervous system disorders. The company is focused on its Precision Timed Release (PTR) drug-delivery platform, which is designed to deliver multiple doses of medication at specific times from a single dosage form.
Cingulate’s lead program, CTx-1301, is an investigational extended-release formulation of dexmethylphenidate intended to treat attention-deficit/hyperactivity disorder (ADHD). The company has also pursued CTx-1302, an investigational treatment candidate for anxiety disorders.
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