FSD Pharma Inc. (NASDAQ:HUGE – Get Rating) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 385,800 shares, a growth of 15.9% from the August 15th total of 332,900 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 60,600 shares, the days-to-cover ratio is currently 6.4 days.
FSD Pharma Stock Up 1.3 %
Shares of HUGE stock traded up $0.01 during trading on Monday, hitting $0.90. 58,545 shares of the stock traded hands, compared to its average volume of 108,672. The firm's fifty day moving average price is $0.93 and its 200-day moving average price is $0.90. FSD Pharma has a 52-week low of $0.69 and a 52-week high of $1.70.
Get FSD Pharma alerts:FSD Pharma (NASDAQ:HUGE – Get Rating) last released its quarterly earnings results on Friday, August 12th. The company reported ($0.21) EPS for the quarter.
Institutional Trading of FSD Pharma
A hedge fund recently bought a new stake in FSD Pharma stock. AdvisorShares Investments LLC bought a new stake in FSD Pharma Inc. (NASDAQ:HUGE – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 170,431 shares of the company's stock, valued at approximately $148,000. AdvisorShares Investments LLC owned about 0.42% of FSD Pharma as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.26% of the company's stock.About FSD Pharma
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FSD Pharma Inc, through its subsidiaries, operates as a pharmaceutical research and development company. Its lead candidate includes FSD-201 that is in the Phase II clinical trial to treat COVID-19 disease. The company also focuses on Lucid-PSYCH, a psychoactive molecule identified for the potential treatment of neuropsychiatric disorders, such as depressive disorder; and Lucid-MS, a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models.
Further Reading
- Get a free copy of the StockNews.com research report on FSD Pharma (HUGE)
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