Grail, Inc. (NASDAQ:GRAL) Short Interest Up 18.6% in December

Grail, Inc. (NASDAQ:GRAL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,810,000 shares, an increase of 18.6% from the December 15th total of 4,900,000 shares. Currently, 20.2% of the company’s shares are short sold. Based on an average trading volume of 773,500 shares, the short-interest ratio is presently 7.5 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GRAL. Wolfe Research began coverage on shares of Grail in a research report on Friday, November 15th. They issued a “peer perform” rating on the stock. Guggenheim began coverage on shares of Grail in a research report on Thursday, October 17th. They set a “neutral” rating on the stock. Finally, Morgan Stanley began coverage on shares of Grail in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 target price on the stock.

Grail Stock Performance

Shares of NASDAQ GRAL traded up $0.01 during midday trading on Friday, reaching $17.42. 483,860 shares of the company’s stock traded hands, compared to its average volume of 868,233. Grail has a one year low of $12.33 and a one year high of $24.92. The stock’s 50 day moving average is $18.32.

Insider Activity at Grail

In related news, CFO Aaron Freidin sold 30,452 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.02, for a total value of $426,937.04. Following the sale, the chief financial officer now directly owns 268,277 shares of the company’s stock, valued at $3,761,243.54. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Grail

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Grail during the fourth quarter worth $26,000. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Grail during the fourth quarter worth $387,000. A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of Grail during the fourth quarter worth $430,000. Wesbanco Bank Inc. acquired a new stake in shares of Grail during the fourth quarter worth $523,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Grail during the fourth quarter worth $1,681,000.

Grail Company Profile

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.