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Weiss Ratings Reiterates "Sell (D-)" Rating for Tiziana Life Sciences (NASDAQ:TLSA)

Tiziana Life Sciences logo with Medical background

Key Points

  • Weiss Ratings has reiterated a "Sell (D-)" rating for Tiziana Life Sciences (NASDAQ:TLSA), indicating underlying concerns about the company's stock performance.
  • Tiziana Life Sciences saw a 5.5% increase in stock price, trading at $2.29, with a notable trading volume of 715,787 shares on Wednesday.
  • Institutional investors have shown interest in Tiziana Life Sciences, with several hedge funds recently acquiring significant stakes in the company.
  • Interested in Tiziana Life Sciences? Here are five stocks we like better.

Tiziana Life Sciences (NASDAQ:TLSA - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Tiziana Life Sciences Trading Up 5.5%

NASDAQ TLSA traded up $0.12 during trading hours on Wednesday, reaching $2.29. 715,787 shares of the company traded hands, compared to its average volume of 452,720. Tiziana Life Sciences has a 12 month low of $0.63 and a 12 month high of $2.60. The company has a 50 day moving average of $1.96 and a two-hundred day moving average of $1.58.

Hedge Funds Weigh In On Tiziana Life Sciences

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Tiziana Life Sciences during the 1st quarter valued at about $25,000. Marshall Wace LLP bought a new position in shares of Tiziana Life Sciences in the second quarter valued at approximately $39,000. Bison Wealth LLC bought a new position in shares of Tiziana Life Sciences in the fourth quarter valued at approximately $30,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Tiziana Life Sciences in the first quarter worth $156,000. Finally, Jane Street Group LLC grew its stake in shares of Tiziana Life Sciences by 968.2% in the first quarter. Jane Street Group LLC now owns 167,542 shares of the company's stock worth $181,000 after acquiring an additional 151,858 shares during the last quarter.

About Tiziana Life Sciences

(Get Free Report)

Tiziana Life Sciences Ltd, a biotechnology company, focuses on the discovery and development of molecules to treat human diseases in oncology and immunology. The company's lead product candidate in immunology is Foralumab (TZLS-401), a human anti-CD3 monoclonal antibody (mAb) for the treatment of Crohn's, graft versus host, ulcerative colitis, multiple sclerosis, type-1 diabetes, inflammatory bowel, psoriasis, and rheumatoid arthritis diseases.

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