Adlai Nortye Ltd. (NASDAQ:ANL - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,400 shares, a growth of 80.0% from the April 30th total of 3,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is presently 0.4 days.
Adlai Nortye Price Performance
Shares of NASDAQ:ANL traded up $0.06 on Wednesday, hitting $1.70. The company had a trading volume of 7,723 shares, compared to its average volume of 12,817. The stock has a 50 day moving average price of $1.91 and a 200 day moving average price of $2.12. Adlai Nortye has a 1-year low of $1.10 and a 1-year high of $6.41.
Analyst Upgrades and Downgrades
Separately, HC Wainwright downgraded Adlai Nortye from a "buy" rating to a "neutral" rating in a research note on Monday.
Check Out Our Latest Report on ANL
Adlai Nortye Company Profile
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Adlai Nortye Ltd., a clinical-stage biotechnology company, focuses on the discovery and development of cancer therapies in the United States and Mainland China. Its lead product is AN2025, a pan-phosphoinositide 3-kinase inhibitor, which is in Phase III clinical trial for the treatment of recurrent or metastatic head and neck squamous cell carcinomas.
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