Short Interest in Innovent Biologics, Inc. (OTCMKTS:IVBXF) Grows By 17.1%

Innovent Biologics, Inc. (OTCMKTS:IVBXF) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,516,000 shares, an increase of 17.1% from the October 31st total of 3,001,500 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 11,720.0 days.

Innovent Biologics Price Performance

Shares of Innovent Biologics stock opened at $4.85 on Tuesday. Innovent Biologics has a twelve month low of $3.83 and a twelve month high of $6.40. The company’s fifty day moving average is $5.37 and its 200 day moving average is $5.17.

Innovent Biologics Company Profile

Innovent Biologics, Inc, a biopharmaceutical company, develops and commercializes monoclonal antibodies and other drug assets in the fields of oncology, ophthalmology, autoimmune, and cardiovascular and metabolic diseases in the People's Republic of China. It offers Tyvyt, a human anti-PD-1 monoclonal antibody; BYVASDA, a fully-human anti-VEGF monoclonal antibody; HALPRYZA, a recombinant chimeric murine/human anti-CD20 monoclonal antibody; SULINNO, a fully-human antiTNF-a monoclonal antibody; Pemazyre, a selective FGFR inhibitor; Olverembatinib, a novel BCR-ABL TK; Cyramza, a VEGF receptor 2 antagonist; and Retsevmo, a selective and potent RET kinase inhibitor.