NanoViricides, Inc. (NYSE:NNVC – Get Free Report) shot up 1.7% during trading on Friday . The company traded as high as $1.28 and last traded at $1.23. 86,721 shares changed hands during trading, a decline of 66% from the average session volume of 254,003 shares. The stock had previously closed at $1.21.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of NanoViricides from a “hold” rating to a “sell” rating in a research note on Monday, November 18th.
Read Our Latest Analysis on NNVC
NanoViricides Stock Up 1.7 %
Institutional Trading of NanoViricides
A number of hedge funds have recently made changes to their positions in NNVC. Integrated Wealth Concepts LLC increased its holdings in NanoViricides by 44.8% in the third quarter. Integrated Wealth Concepts LLC now owns 53,335 shares of the company’s stock valued at $80,000 after buying an additional 16,500 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of NanoViricides by 26.8% in the 4th quarter. Renaissance Technologies LLC now owns 145,700 shares of the company’s stock worth $208,000 after acquiring an additional 30,800 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of NanoViricides by 28.7% in the 4th quarter. Geode Capital Management LLC now owns 143,313 shares of the company’s stock valued at $205,000 after acquiring an additional 31,956 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of NanoViricides in the 4th quarter valued at approximately $91,000. Institutional investors and hedge funds own 10.30% of the company’s stock.
NanoViricides Company Profile
NanoViricides, Inc, a clinical stage nano-biopharmaceutical company, discovers, develops, and commercializes drugs for the treatment of viral infections. The company's product portfolio includes NV-CoV-2, nanoviricide drug which is in phase 1a/1b clinical trails for the treatment of Covid; and NV-CoV-2 Oral Syrup, and NV-CoV-2 Oral Gummies, a semi-solid fixed-dose form which are in phase 1a/1b human clinical trials for enabling body-weight-based dose titration as is required for pediatric cases.
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