Molecular Partners AG Sponsored ADR (NASDAQ:MOLN) Short Interest Down 49.3% in July

Key Points

• Molecular Partners’ short interest fell 49.3% in July to 1,385 shares, equivalent to 0.0% of shares outstanding and a short-interest ratio of 1.8 days.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one rates it Hold, and one rates it Sell. MarketBeat reports an overall “Hold” rating and an average price target of $8.38.
• MOLN shares declined 2.5% to $4.11, while SmartHarvest Portfolios acquired a new 12,311-share position; institutional investors collectively own 26.55% of the stock.

Molecular Partners AG Sponsored ADR (NASDAQ:MOLN - Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 1,385 shares, a decline of 49.3% from the July 15th total of 2,733 shares. Based on an average daily trading volume, of 790 shares, the short-interest ratio is currently 1.8 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOLN. Weiss Ratings restated a "sell (d-)" rating on shares of Molecular Partners in a research report on Wednesday, July 8th. HC Wainwright reissued a "buy" rating on shares of Molecular Partners in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.38.

Molecular Partners Trading Down 2.5%

NASDAQ MOLN traded down $0.10 on Friday, reaching $4.11. 1,036 shares of the company were exchanged, compared to its average volume of 897. The business's fifty day moving average price is $3.99 and its 200 day moving average price is $4.23. The stock has a market capitalization of $165.74 million, a P/E ratio of -2.12 and a beta of 1.08. Molecular Partners has a fifty-two week low of $3.47 and a fifty-two week high of $5.36.

Institutional Investors Weigh In On Molecular Partners

A hedge fund recently bought a new position in Molecular Partners stock. SmartHarvest Portfolios LLC acquired a new stake in Molecular Partners AG Sponsored ADR (NASDAQ:MOLN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,311 shares of the company's stock, valued at approximately $54,000. 26.55% of the stock is currently owned by hedge funds and other institutional investors.

About Molecular Partners

Molecular Partners AG is a clinical-stage biopharmaceutical company headquartered in Zurich, Switzerland, specializing in the design and development of DARPin® (Designed Ankyrin Repeat Protein) therapies. These small, modular proteins are engineered to bind with high specificity and affinity to disease-relevant targets. The company's technology platform aims to deliver novel treatments across multiple therapeutic areas by leveraging the unique properties of DARPins, including stability, tissue penetration and multi-specific binding capabilities.

The company's development pipeline spans infectious diseases, ophthalmology and oncology.

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