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Monopar Therapeutics Inc. (NASDAQ:MNPR) Sees Large Decrease in Short Interest

Monopar Therapeutics logo with Medical background

Monopar Therapeutics Inc. (NASDAQ:MNPR - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 112,400 shares, a drop of 82.8% from the September 15th total of 652,500 shares. Approximately 6.4% of the company's stock are short sold. Based on an average daily volume of 806,900 shares, the short-interest ratio is presently 0.1 days.

Monopar Therapeutics Stock Up 1.8 %

Shares of NASDAQ:MNPR traded up $0.09 on Thursday, reaching $5.17. 44,151 shares of the company's stock were exchanged, compared to its average volume of 623,527. The business's 50-day moving average is $3.44 and its two-hundred day moving average is $3.49. Monopar Therapeutics has a fifty-two week low of $1.37 and a fifty-two week high of $8.65. The firm has a market capitalization of $90.39 million, a price-to-earnings ratio of -9.77 and a beta of 1.26.

Monopar Therapeutics (NASDAQ:MNPR - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Analysts predict that Monopar Therapeutics will post -1.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright increased their target price on Monopar Therapeutics from $2.00 to $6.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th.

Read Our Latest Report on MNPR

About Monopar Therapeutics

(Get Free Report)

Monopar Therapeutics Inc, a clinical-stage biopharmaceutical company, engages in developing therapeutics for the treatment of cancer in the United States. Its lead product candidate in development is Validive, a clonidine hydrochloride mucobuccal tablet that is in Phase 2b/3 clinical trial for the prevention of chemoradiotherapy induced severe oral mucositis in patients with oropharyngeal cancer.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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