BeyondSpring (NASDAQ:BYSI) Trading Up 3.3%

BeyondSpring Inc. (NASDAQ:BYSI) shares were up 3.3% during trading on Wednesday . The company traded as high as $2.19 and last traded at $2.16. Approximately 65,816 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 107,173 shares. The stock had previously closed at $2.09.

BeyondSpring Price Performance

The stock has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $2.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Decheng Capital LLC acquired a new stake in BeyondSpring during the 4th quarter worth $4,450,000. SG Americas Securities LLC acquired a new stake in BeyondSpring during the 1st quarter worth $63,000. Finally, Renaissance Technologies LLC acquired a new stake in BeyondSpring during the 2nd quarter worth $30,000. 40.29% of the stock is currently owned by institutional investors.

About BeyondSpring

BeyondSpring Inc, a clinical stage biopharmaceutical company, together with its subsidiaries, focuses on the development of cancer therapies. The company's lead asset is the Plinabulin, a selective immunomodulating microtubule-binding agent that has completed Phase III clinical trials for treatment of non-small cell lung cancer (NSCLC); and as an anti-cancer agent, as well as for the prevention of chemotherapy-induced neutropenia.