What Will Happen to Moleculin Biotech Incorporated (NASDAQ:MBRX) Next? The Stock Has Decline in Shorts

February 15, 2018 - By Winifred Garcia

 What Will Happen to Moleculin Biotech Incorporated (NASDAQ:MBRX) Next? The Stock Has Decline in Shorts

The stock of Moleculin Biotech Incorporated (NASDAQ:MBRX) registered a decrease of 2.65% in short interest. MBRX’s total short interest was 1.39M shares in February as published by FINRA. Its down 2.65% from 1.43M shares, reported previously. With 158,600 shares average volume, it will take short sellers 9 days to cover their MBRX’s short positions. The short interest to Moleculin Biotech Incorporated’s float is 16.38%.

The stock increased 58.25% or $1.0601 during the last trading session, reaching $2.8801. About 29.48M shares traded or 8745.63% up from the average. Moleculin Biotech, Inc. (NASDAQ:MBRX) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Moleculin Biotech, Inc., a preclinical-stage pharmaceutical company, focuses on the development of anti-cancer drug candidates. The company has market cap of $60.87 million. The Company’s lead drug candidate is liposomal Annamycin, an anthracycline intended for the treatment of relapsed or refractory acute myeloid leukemia. It currently has negative earnings. The firm also develops other drugs, including WP1066 Portfolio that focuses on the modulation of regulatory transcription factors involved in the progression of cancer; and WP1122 Portfolio, a suite of molecules targeting the metabolic processes involved in cancer and glioblastoma.

More notable recent Moleculin Biotech, Inc. (NASDAQ:MBRX) news were published by: Marketwatch.com which released: “Moleculin Biotech’s stock rockets after ‘major breakthrough’ in cancer treatment” on February 15, 2018, also Seekingalpha.com with their article: “Moleculin announces “major breakthrough” in cancer treatment; shares up 54%” published on February 15, 2018, Marketwired.com published: “Moleculin Strengthens Board of Directors with Appointment of John M. Climaco” on July 27, 2017. More interesting news about Moleculin Biotech, Inc. (NASDAQ:MBRX) were released by: Streetinsider.com and their article: “Moleculin Biotech (MBRX) Shows Promising Tumor Suppression Activity with …” published on February 07, 2018 as well as Marketwatch.com‘s news article titled: “Moleculin Biotech Inc.” with publication date: June 02, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.