NanoViricides, Inc. (NYSEAMERICAN:NNVC) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,431,399 shares, a decrease of 3.1% from the October 31st total of 1,476,924 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average trading volume of 80,071 shares, the short-interest ratio is currently 17.9 days.
Separately, BidaskClub cut NanoViricides from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th.
Shares of NanoViricides (NYSEAMERICAN NNVC) opened at $1.04 on Friday. NanoViricides has a twelve month low of $0.91 and a twelve month high of $1.64.
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NanoViricides, Inc is a nano-biopharmaceutical company. The Company is a development-stage company with several drugs in various stages of development. The Company focuses on its research and clinical programs on specific anti-viral therapeutics. The Company is engaged in the application of nanomedicine technologies to the issues of viral diseases.
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