Bio-Path Holdings Inc (NASDAQ:BPTH) Short Interest Update
Bio-Path Holdings Inc (NASDAQ:BPTH) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 207,200 shares, a decrease of 21.7% from the May 30th total of 264,600 shares. Based on an average daily volume of 331,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 12.1% of the shares of the stock are short sold.
An institutional investor recently bought a new position in Bio-Path stock. Virtu Financial LLC purchased a new stake in Bio-Path Holdings Inc (NASDAQ:BPTH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,461 shares of the company’s stock, valued at approximately $336,000. Virtu Financial LLC owned about 0.66% of Bio-Path at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.77% of the company’s stock.
Shares of BPTH stock traded down $0.15 during trading hours on Thursday, hitting $12.95. The company’s stock had a trading volume of 38,400 shares, compared to its average volume of 2,033,690. The stock has a fifty day moving average of $13.68. Bio-Path has a twelve month low of $1.61 and a twelve month high of $73.52.
Bio-Path Company Profile
Bio-Path Holdings, Inc operates as a clinical and preclinical stage oncology focused RNAi nano particle drug development company in the United States. The company develops products based on DNAbilize, a drug delivery and antisense technology that uses P-ethoxy, which is a deoxyribonucleic acid (DNA) backbone modification intended to protect the DNA from destruction.
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