Innate Pharma S.A. (NASDAQ:IPHA) Sees Significant Increase in Short Interest

Innate Pharma S.A. (NASDAQ:IPHA) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 65,200 shares, a growth of 10.9% from the October 15th total of 58,800 shares. Based on an average trading volume of 8,400 shares, the short-interest ratio is presently 7.8 days.

Innate Pharma Stock Performance

IPHA traded down $0.03 on Monday, reaching $1.41. The company’s stock had a trading volume of 41,648 shares, compared to its average volume of 9,219. Innate Pharma has a fifty-two week low of $1.29 and a fifty-two week high of $3.15. The stock has a 50 day moving average of $2.02 and a two-hundred day moving average of $2.23.

Wall Street Analyst Weigh In

IPHA has been the subject of several recent analyst reports. Evercore ISI raised Innate Pharma to a “strong-buy” rating in a report on Monday, September 16th. HC Wainwright restated a “buy” rating and issued a $11.50 price objective on shares of Innate Pharma in a report on Tuesday, November 12th.

About Innate Pharma

Innate Pharma SA, a biotechnology company, develops immunotherapies for cancer patients in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; IPH5201, a blocking antibody that is in Phase II clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; IPH6401, an BCMA-targeting NK cell engager; and IPH6101, a NKp46-based NK cell engager that targets CD123 proprietary multi-specific antibody format; and IPH62, an B7-H3-targeting NK cell engager.