Protalix Biotherapeutics Inc (PLX) Short Interest Up 16.6% in January
Protalix Biotherapeutics Inc (NYSEAMERICAN:PLX) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 4,350,894 shares, a growth of 16.6% from the January 12th total of 3,731,432 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average trading volume of 909,146 shares, the days-to-cover ratio is currently 4.8 days.
Protalix Biotherapeutics (NYSEAMERICAN PLX) opened at $0.63 on Monday. The firm has a market cap of $309.48, a price-to-earnings ratio of -0.31 and a beta of 1.02. Protalix Biotherapeutics has a 1-year low of $0.48 and a 1-year high of $1.51.
A hedge fund recently bought a new stake in Protalix Biotherapeutics stock. Opaleye Management Inc. bought a new stake in shares of Protalix Biotherapeutics Inc (NYSEAMERICAN:PLX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,825,000 shares of the company’s stock, valued at approximately $1,206,000. Opaleye Management Inc. owned approximately 1.27% of Protalix Biotherapeutics at the end of the most recent quarter.
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About Protalix Biotherapeutics
Protalix BioTherapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx protein expression system in Israel and internationally. The company offers taliglucerase alfa for injection, which is an enzyme replacement therapy for the long-term treatment of adult patients with a confirmed diagnosis of type 1 Gaucher disease.
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