HCW Biologics Inc. (NASDAQ:HCWB) Sees Large Growth in Short Interest

by · The Cerbat Gem

HCW Biologics Inc. (NASDAQ:HCWB – Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 144,700 shares, an increase of 1,686.4% from the October 31st total of 8,100 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,960,000 shares, the short-interest ratio is presently 0.0 days.

HCW Biologics Price Performance

HCW Biologics stock opened at $0.50 on Thursday. The stock’s fifty day moving average price is $0.53 and its two-hundred day moving average price is $0.67. The firm has a market cap of $18.99 million, a PE ratio of -0.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.07 and a quick ratio of 0.07. HCW Biologics has a one year low of $0.28 and a one year high of $2.52.

About HCW Biologics

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HCW Biologics Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing novel immunotherapies for chronic, low-grade inflammation, and age-related diseases in the United States. The company's lead products include HCW9218, which is in Phase 1 clinical chemo-refractory/chemo-resistant solid tumors with pancreatic, ovarian, breast, prostate, and colorectal cancers, as well as Phase 2 clinical trial with metastatic advanced stage ovarian cancer patients; and HCW9302 for autoimmune and proinflammatory diseases, such as alopecia areata diseases.

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