XORTX Therapeutics Inc. (NASDAQ:XRTX) Short Interest Update

XORTX Therapeutics Inc. (NASDAQ:XRTX) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 22,256 shares, a decline of 58.5% from the May 14th total of 53,649 shares. Based on an average daily trading volume, of 36,983 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are sold short.

XORTX Therapeutics Price Performance

Shares of XORTX Therapeutics stock opened at $2.13 on Friday. XORTX Therapeutics has a one year low of $1.73 and a one year high of $7.05. The firm has a market capitalization of $3.68 million, a price-to-earnings ratio of -0.81 and a beta of 0.74. The business has a 50-day simple moving average of $2.40 and a 200 day simple moving average of $2.51.

XORTX Therapeutics (NASDAQ:XRTX) last issued its earnings results on Friday, May 15th. The technology company reported ($0.58) EPS for the quarter.

Institutional Trading of XORTX Therapeutics

A hedge fund recently bought a new stake in XORTX Therapeutics stock. DRW Securities LLC acquired a new position in shares of XORTX Therapeutics Inc. (NASDAQ:XRTX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 193,599 shares of the technology company’s stock, valued at approximately $109,000. DRW Securities LLC owned approximately 2.78% of XORTX Therapeutics as of its most recent filing with the Securities and Exchange Commission. 0.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XORTX Therapeutics in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About XORTX Therapeutics

Xyratex Ltd (Xyratex) is a provider of data storage technology, including modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. Xyratex operates in two segments: Networked Storage Solutions (NSS) and Storage Infrastructure (SI). Its NSS products are primarily HDD based data storage subsystems and solutions, which it provides to original equipment manufacturers. Its SI products consist of HDD manufacturing process equipment, which it sells directly to manufacturers of HDDs and their component suppliers.