Navidea Biopharmaceuticals Inc (NYSEMKT:NAVB) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,493,794 shares, a decrease of 2.8% from the October 13th total of 4,621,391 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 901,427 shares, the days-to-cover ratio is currently 5.0 days.
Separately, ValuEngine upgraded Navidea Biopharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
A number of institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in Navidea Biopharmaceuticals by 7.2% during the first quarter. HighTower Advisors LLC now owns 177,966 shares of the biopharmaceutical company’s stock worth $104,000 after buying an additional 11,900 shares in the last quarter. Vanguard Group Inc. grew its holdings in Navidea Biopharmaceuticals by 1.7% during the second quarter. Vanguard Group Inc. now owns 4,887,743 shares of the biopharmaceutical company’s stock worth $2,492,000 after buying an additional 80,499 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its holdings in Navidea Biopharmaceuticals by 305.6% during the second quarter. Virtu KCG Holdings LLC now owns 336,414 shares of the biopharmaceutical company’s stock worth $172,000 after buying an additional 253,471 shares in the last quarter.
Shares of Navidea Biopharmaceuticals (NYSEMKT NAVB) traded up $0.01 during trading on Monday, reaching $0.42. The company had a trading volume of 148,494 shares, compared to its average volume of 485,648. Navidea Biopharmaceuticals has a 1-year low of $0.29 and a 1-year high of $1.16.
Navidea Biopharmaceuticals (NYSEMKT:NAVB) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.01) earnings per share (EPS) for the quarter. Navidea Biopharmaceuticals had a negative return on equity of 65.90% and a negative net margin of 515.33%. The company had revenue of $0.22 million for the quarter.
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About Navidea Biopharmaceuticals
Navidea Biopharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of precision immunodiagnostic agents and immunotherapeutics. The Company is developing multiple precision-targeted products based on the Manocept platform to help identify the sites and pathways of undetected disease.
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