Cellectar Biosciences, Inc. (NASDAQ:CLRB) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 25,500 shares, a decrease of 74.6% from the December 15th total of 100,500 shares. Based on an average daily volume of 354,400 shares, the short-interest ratio is presently 0.1 days.
Shares of NASDAQ:CLRB opened at $0.70 on Friday. The business’s 50 day simple moving average is $0.73 and its two-hundred day simple moving average is $0.90. Cellectar Biosciences has a 52-week low of $0.58 and a 52-week high of $2.98.
Cellectar Biosciences (NASDAQ:CLRB) last announced its quarterly earnings results on Sunday, November 7th. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Equities research analysts anticipate that Cellectar Biosciences will post -0.44 earnings per share for the current year.
Several equities research analysts recently commented on CLRB shares. Zacks Investment Research upgraded Cellectar Biosciences from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Monday, January 10th. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Cellectar Biosciences in a research report on Monday, December 13th.
Cellectar Biosciences Company Profile
Cellectar BioSciences, Inc engages in the development of phospholipid drug conjugates (PDCs) for the treatment and imaging of cancer. Its portfolio includes CLR 131, which seeks to treat relapse or refractory multiple myeloma, CLR 125, which intends to treat micro metastatic disease, CLR 124 which could detects tumors and metastases in a broad range of cancers and CLR 1502, a cancer-targeting near-infrared-fluorophore optical imaging PDC for intraoperative tumor and tumor margin illumination.
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