Vincerx Pharma, Inc. (NASDAQ:VINC) Short Interest Update
by Doug Wharley · The Cerbat GemVincerx Pharma, Inc. (NASDAQ:VINC – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 289,300 shares, a decline of 28.2% from the September 15th total of 403,000 shares. Based on an average trading volume of 418,000 shares, the days-to-cover ratio is presently 0.7 days.
Vincerx Pharma Price Performance
NASDAQ:VINC remained flat at $0.39 during mid-day trading on Friday. 590,714 shares of the company traded hands, compared to its average volume of 724,468. The stock’s 50 day moving average is $0.67 and its 200 day moving average is $1.03. The stock has a market capitalization of $11.63 million, a PE ratio of -0.30 and a beta of 1.49. Vincerx Pharma has a 12-month low of $0.38 and a 12-month high of $9.37.
Vincerx Pharma (NASDAQ:VINC – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.12. Equities research analysts anticipate that Vincerx Pharma will post -0.38 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Leerink Partners reduced their price target on shares of Vincerx Pharma from $4.00 to $2.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th.
Read Our Latest Stock Analysis on Vincerx Pharma
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VINC. Armistice Capital LLC acquired a new position in shares of Vincerx Pharma in the 2nd quarter valued at $1,610,000. Vanguard Group Inc. raised its holdings in shares of Vincerx Pharma by 29.9% during the first quarter. Vanguard Group Inc. now owns 666,995 shares of the company’s stock valued at $3,375,000 after acquiring an additional 153,575 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Vincerx Pharma by 359.1% in the 2nd quarter. Marshall Wace LLP now owns 328,533 shares of the company’s stock valued at $266,000 after acquiring an additional 256,967 shares in the last quarter. Institutional investors own 44.02% of the company’s stock.
Vincerx Pharma Company Profile
Vincerx Pharma, Inc, a clinical-stage biopharmaceutical company, researches and develops therapies to address unmet medical needs for the treatment of cancer in the United States. It is developing enitociclib, a cyclin-dependent kinase-9 inhibitor that is in Phase 1 clinical trials for treating patients with hematologic malignancies; and VIP236, a small molecule drug conjugate that is in Phase 1 clinical trials to treat solid tumors.
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