DICE Therapeutics, Inc. (NASDAQ:DICE – Get Rating) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 5,220,000 shares, a decline of 7.8% from the August 15th total of 5,660,000 shares. Based on an average trading volume of 394,400 shares, the days-to-cover ratio is currently 13.2 days. Currently, 17.9% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on DICE shares. Cantor Fitzgerald initiated coverage on DICE Therapeutics in a research report on Wednesday, September 14th. They issued an "overweight" rating and a $36.00 price target for the company. HC Wainwright initiated coverage on shares of DICE Therapeutics in a report on Monday, July 18th. They set a "buy" rating and a $40.00 price target on the stock. Finally, Stifel Nicolaus began coverage on DICE Therapeutics in a research report on Tuesday, September 6th. They issued a "buy" rating and a $37.00 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, DICE Therapeutics presently has a consensus rating of "Buy" and a consensus price target of $43.33.
Get DICE Therapeutics alerts:DICE Therapeutics Stock Up 0.9 %
Shares of DICE Therapeutics stock traded up $0.18 during trading on Wednesday, hitting $19.27. 4,206 shares of the stock traded hands, compared to its average volume of 512,305. DICE Therapeutics has a twelve month low of $12.64 and a twelve month high of $38.18. The company has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $17.71.
Institutional Investors Weigh In On DICE Therapeutics
Several institutional investors have recently made changes to their positions in DICE. Prospera Financial Services Inc acquired a new stake in DICE Therapeutics in the 1st quarter worth approximately $39,000. Amalgamated Bank bought a new position in DICE Therapeutics during the first quarter worth $39,000. Legal & General Group Plc raised its stake in DICE Therapeutics by 265.1% during the 2nd quarter. Legal & General Group Plc now owns 4,764 shares of the company's stock valued at $74,000 after purchasing an additional 3,459 shares during the last quarter. Virtus ETF Advisers LLC boosted its holdings in DICE Therapeutics by 18.5% in the 2nd quarter. Virtus ETF Advisers LLC now owns 7,482 shares of the company's stock valued at $116,000 after purchasing an additional 1,166 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in DICE Therapeutics in the 2nd quarter worth $131,000. 95.42% of the stock is currently owned by institutional investors and hedge funds.About DICE Therapeutics
(Get Rating)
DICE Therapeutics, Inc, a biopharmaceutical company, builds various oral therapeutic candidates to treat chronic diseases in immunology and other therapeutic areas. Its platform DELSCAPE, is designed to discover selective oral small molecules to modulate protein-protein interactions (PPIs) as effectively as systemic biologics.
Further Reading
- Get a free copy of the StockNews.com research report on DICE Therapeutics (DICE)
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