Bright Minds Biosciences Inc. (NASDAQ:DRUG – Get Rating) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 824,900 shares, a decline of 11.6% from the November 15th total of 932,900 shares. Currently, 11.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Bright Minds Biosciences

A hedge fund recently bought a new stake in Bright Minds Biosciences stock. Jane Street Group LLC acquired a new stake in shares of Bright Minds Biosciences Inc. (NASDAQ:DRUG – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,701 shares of the company's stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.21% of Bright Minds Biosciences at the end of the most recent reporting period. Institutional investors own 4.03% of the company's stock.

Bright Minds Biosciences Trading Down 3.2 %

Shares of DRUG stock opened at $0.91 on Tuesday. The stock has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.14. Bright Minds Biosciences has a 1 year low of $0.75 and a 1 year high of $4.75.

About Bright Minds Biosciences

Bright Minds Biosciences Inc, a pre-clinical biosciences company, develops 5-HT (serotonin) medicines to improve the lives of patients with severe and life-altering diseases. Its portfolio of selective 5-HT receptor agonists comprises 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry.

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