Celcuity Inc (NASDAQ:CELC) Short Interest Down 64.6% in July
Celcuity Inc (NASDAQ:CELC) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 37,700 shares, a decrease of 64.6% from the June 30th total of 106,400 shares. Based on an average daily trading volume, of 32,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the company’s stock are short sold.
Shares of CELC stock opened at $5.30 on Friday. Celcuity has a 12-month low of $4.03 and a 12-month high of $23.80. The firm’s 50 day moving average is $6.64 and its 200 day moving average is $7.78. The stock has a market capitalization of $54.45 million, a P/E ratio of -6.97 and a beta of 0.97.
Celcuity (NASDAQ:CELC) last issued its earnings results on Thursday, May 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.02). On average, analysts predict that Celcuity will post -0.81 EPS for the current year.
A number of equities research analysts have recently commented on the stock. HC Wainwright reiterated a “buy” rating and set a $11.00 price target on shares of Celcuity in a report on Tuesday, July 14th. Craig Hallum assumed coverage on shares of Celcuity in a report on Monday, May 11th. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Celcuity from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th.
Celcuity Inc, a cellular analysis company, discovers cancer sub-types and commercializes diagnostic tests to enhance the clinical outcomes of cancer patients treated with targeted therapies in the United States. The company's CELx diagnostic platform uses a patient's living tumor cells to identify the specific abnormal cellular process driving a patient's cancer and the targeted therapy that treats it.
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