XBiotech Inc. (NASDAQ:XBIT - Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 800,100 shares, a decline of 23.1% from the February 28th total of 1,040,000 shares. Based on an average daily volume of 63,700 shares, the short-interest ratio is presently 12.6 days. Currently, 4.1% of the company's shares are short sold.
Hedge Funds Weigh In On XBiotech
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of XBiotech by 68.2% in the fourth quarter. JPMorgan Chase & Co. now owns 14,624 shares of the biopharmaceutical company's stock valued at $58,000 after purchasing an additional 5,930 shares in the last quarter. Virtu Financial LLC acquired a new position in XBiotech during the fourth quarter valued at $58,000. Bank of America Corp DE lifted its stake in XBiotech by 42.0% in the 4th quarter. Bank of America Corp DE now owns 19,888 shares of the biopharmaceutical company's stock worth $79,000 after acquiring an additional 5,887 shares in the last quarter. Jane Street Group LLC acquired a new stake in XBiotech during the 3rd quarter worth about $86,000. Finally, MetLife Investment Management LLC purchased a new position in XBiotech during the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 55.70% of the company's stock.
XBiotech Stock Performance
Shares of NASDAQ:XBIT traded down $0.19 during midday trading on Thursday, reaching $2.95. The company had a trading volume of 53,546 shares, compared to its average volume of 78,246. The company has a fifty day simple moving average of $3.27 and a two-hundred day simple moving average of $5.26. The firm has a market cap of $89.94 million, a price-to-earnings ratio of -2.73 and a beta of 1.28. XBiotech has a 1-year low of $2.92 and a 1-year high of $9.96.
XBiotech (NASDAQ:XBIT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The biopharmaceutical company reported ($0.34) EPS for the quarter.
XBiotech Company Profile
(
Get Free Report)
XBiotech Inc, a biopharmaceutical company, discovers, develops, and commercializes True Human monoclonal antibodies for treating various diseases. The company focuses on developing a pipeline of product candidates targeting both inflammatory and infectious diseases. It is also developing interleukin-1 alpha therapies to treat variety of medical conditions, such as cancer, stroke, heart attack, or arthritis; and mediates tissue breakdown, angiogenesis, the formation of blood clots, malaise, muscle wasting, and inflammation.
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