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PureTech Health Plc (OTCMKTS:PTCHF) Short Interest Up 26.3% in November

Financial News Live ·  Dec 14, 2022 19:41

PureTech Health plc (OTCMKTS:PTCHF – Get Rating) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 159,100 shares, an increase of 26.3% from the November 15th total of 126,000 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is presently 15.4 days.

PureTech Health Price Performance

Shares of PTCHF remained flat at $3.40 during midday trading on Wednesday. The company's stock had a trading volume of 3,707 shares, compared to its average volume of 6,311. PureTech Health has a twelve month low of $1.83 and a twelve month high of $4.14. The business has a fifty day simple moving average of $2.89 and a 200 day simple moving average of $2.63.

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PureTech Health Company Profile

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PureTech Health plc, a clinical-stage biotherapeutics company, discovers, develops, and commercializes medicines for inflammatory, fibrotic and immunological, intractable cancers, lymphatic and gastrointestinal, neurological and neuropsychological, and other diseases in the United States. The company offers KarXT targeting muscarinic acetylcholine receptors to treat schizophrenia and psychosis in Alzheimer's disease; a regenerative biology platform for androgenetic alopecia, epithelial ageing, and other medical conditions; an immunomodulation platform to treat chronic and acute inflammatory disorders; oral therapies based on defined consortia of bacteria is isolated from the human microbiome; and therapies to treat cognitive dysfunction associated with depression, multiple sclerosis, post COVID and ICU, and cancer related conditions.

Further Reading

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