Greenwich LifeSciences, Inc. (NASDAQ:GLSI – Get Rating) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 194,300 shares, a decrease of 17.8% from the November 30th total of 236,400 shares. Based on an average daily trading volume, of 39,000 shares, the short-interest ratio is presently 5.0 days. Approximately 5.4% of the shares of the company are short sold.
Insider Activity at Greenwich LifeSciences
In other news, CEO Snehal Patel bought 2,000 shares of Greenwich LifeSciences stock in a transaction on Friday, December 9th. The stock was purchased at an average cost of $13.11 per share, with a total value of $26,220.00. Following the purchase, the chief executive officer now directly owns 2,724,886 shares of the company's stock, valued at approximately $35,723,255.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 13,500 shares of company stock valued at $145,510 in the last quarter. Insiders own 52.14% of the company's stock.
Get Greenwich LifeSciences alerts:Institutional Trading of Greenwich LifeSciences
A number of institutional investors have recently made changes to their positions in GLSI. Vanguard Group Inc. lifted its stake in shares of Greenwich LifeSciences by 150.2% in the 1st quarter. Vanguard Group Inc. now owns 375,200 shares of the company's stock worth $7,362,000 after acquiring an additional 225,213 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Greenwich LifeSciences in the 2nd quarter worth approximately $891,000. Millennium Management LLC acquired a new stake in shares of Greenwich LifeSciences in the 2nd quarter worth approximately $765,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Greenwich LifeSciences in the 2nd quarter worth approximately $199,000. Finally, Pura Vida Investments LLC acquired a new stake in shares of Greenwich LifeSciences in the 3rd quarter worth approximately $179,000. 6.18% of the stock is owned by institutional investors and hedge funds.
Greenwich LifeSciences Trading Down 4.0 %
Greenwich LifeSciences stock traded down $0.61 during midday trading on Tuesday, reaching $14.59. 43,565 shares of the stock traded hands, compared to its average volume of 40,585. The firm has a fifty day moving average price of $12.18 and a two-hundred day moving average price of $10.26. Greenwich LifeSciences has a fifty-two week low of $6.82 and a fifty-two week high of $26.27.Greenwich LifeSciences (NASDAQ:GLSI – Get Rating) last posted its earnings results on Monday, November 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.01. Sell-side analysts expect that Greenwich LifeSciences will post -0.57 earnings per share for the current year.
Greenwich LifeSciences Company Profile
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Greenwich LifeSciences, Inc, a clinical stage biopharmaceutical company, focuses on the development of novel cancer immunotherapies for breast cancer and other HER2/neu-expressing cancers. Its lead product candidate is the GP2, an immunotherapy, which has completed Phase IIb clinical trial to prevent breast cancer recurrences in patients who have previously undergone surgery.
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