Adlai Nortye Ltd. (NASDAQ:ANL – Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,400 shares, an increase of 46.7% from the January 15th total of 3,000 shares. Based on an average daily volume of 13,300 shares, the short-interest ratio is presently 0.3 days.
Adlai Nortye Stock Performance
Adlai Nortye stock opened at $2.25 on Friday. Adlai Nortye has a 1-year low of $1.85 and a 1-year high of $17.48. The stock’s 50 day moving average price is $2.16 and its 200 day moving average price is $2.38.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a “buy” rating and issued a $9.00 target price on shares of Adlai Nortye in a report on Monday, November 11th.
Adlai Nortye Company Profile
Adlai Nortye Ltd., a clinical-stage biotechnology company, focuses on the discovery and development of cancer therapies in the United States and Mainland China. Its lead product is AN2025, a pan-phosphoinositide 3-kinase inhibitor, which is in Phase III clinical trial for the treatment of recurrent or metastatic head and neck squamous cell carcinomas.
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