Matinas BioPharma Holdings Inc (MTNB) Sees Significant Decline in Short Interest

Matinas BioPharma Holdings Inc (NYSE:MTNB) saw a significant decrease in short interest during the month of September. As of September 29th, there was short interest totalling 2,182,518 shares, a decrease of 6.5% from the September 15th total of 2,334,686 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 187,740 shares, the short-interest ratio is currently 11.6 days.

Matinas BioPharma Holdings (MTNB) opened at 1.36 on Wednesday. The firm has a 50-day moving average of $1.31 and a 200 day moving average of $2.01. Matinas BioPharma Holdings has a 52 week low of $1.01 and a 52 week high of $3.99. The stock’s market capitalization is $125.08 million.

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About Matinas BioPharma Holdings

Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.

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