Psyence Biomedical Ltd. (NASDAQ:PBM – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 71,272 shares, a growth of 71.1% from the April 30th total of 41,661 shares. Based on an average daily volume of 232,272 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.2% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Psyence Biomedical in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Psyence Biomedical has a consensus rating of “Sell”.
View Our Latest Stock Analysis on PBM
Institutional Trading of Psyence Biomedical
Psyence Biomedical Stock Performance
Shares of PBM opened at $3.95 on Thursday. The firm has a market cap of $4.03 million, a price-to-earnings ratio of 0.16 and a beta of 1.64. Psyence Biomedical has a fifty-two week low of $1.92 and a fifty-two week high of $74.94. The firm has a 50 day moving average price of $4.66 and a 200-day moving average price of $5.45.
Psyence Biomedical Company Profile
Psyence Biomedical Ltd. engages in the development of botanical psilocybin-based psychedelic medicines. It also evaluates natural psilocybin for the treatment of adjustment disorder in patients with an incurable cancer diagnosis in a palliative care context. The company’s lead product candidate is PEX010, which is in Phase IIb clinical study, a capsule containing naturally sourced psilocybin for treatment of anxiety and depression, including associated ailments, such as post-traumatic stress disorder, stress, grief, and adjustment disorder in the context of palliative care.
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