Dominari Holdings Inc. (NASDAQ:DOMH) Sees Large Growth in Short Interest

Dominari Holdings Inc. (NASDAQ:DOMH) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 287,000 shares, an increase of 1,826.2% from the January 15th total of 14,900 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 8.3% of the company’s shares are short sold.

Dominari Trading Down 13.0 %

Shares of DOMH traded down $0.97 during trading hours on Wednesday, reaching $6.49. The stock had a trading volume of 1,276,720 shares, compared to its average volume of 2,428,442. The company has a market capitalization of $41.15 million, a price-to-earnings ratio of -1.68 and a beta of 1.25. The firm has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.77. Dominari has a 12 month low of $0.83 and a 12 month high of $11.33.

About Dominari

Dominari Holdings Inc, a biotechnology company, focuses on developing small-molecule anticancer therapeutics. The company's pipeline of therapeutics includes therapies for prostate cancer, pancreatic cancer, acute myeloid leukemia (AML), and acute lymphoblastic leukemia. It is developing DHA-dFdC, a pancreatic drug candidate; and KPC34, a small molecule treatment for acute myeloid leukemia and acute lymphoblastic leukemia.