Adlai Nortye Ltd. (NASDAQ:ANL – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 3,200 shares, a growth of 28.0% from the November 30th total of 2,500 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is currently 0.2 days.
Adlai Nortye Stock Performance
Shares of ANL opened at $2.31 on Tuesday. Adlai Nortye has a one year low of $1.85 and a one year high of $17.48. The stock has a 50-day moving average of $2.37 and a 200-day moving average of $2.67.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Adlai Nortye in a report on Monday, November 11th.
About Adlai Nortye
Adlai Nortye Ltd., a clinical-stage biotechnology company, focuses on the discovery and development of cancer therapies in the United States and Mainland China. Its lead product is AN2025, a pan-phosphoinositide 3-kinase inhibitor, which is in Phase III clinical trial for the treatment of recurrent or metastatic head and neck squamous cell carcinomas.
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