Ohr Pharmaceuticals (OHRP) Sees Strong Trading Volume

Ohr Pharmaceuticals, Inc. (NASDAQ:OHRP) shares saw an uptick in trading volume on Monday . 9,733,278 shares traded hands during trading, an increase of 2,600% from the previous session’s volume of 360,439 shares.The stock last traded at $1.50 and had previously closed at $1.28.

A number of research firms recently commented on OHRP. Zacks Investment Research lowered shares of Ohr Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Ohr Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Friday. HC Wainwright set a $10.00 price objective on shares of Ohr Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Roth Capital began coverage on shares of Ohr Pharmaceuticals in a research note on Monday, November 27th. They set a “buy” rating and a $7.00 price objective on the stock.

A number of institutional investors have recently bought and sold shares of the business. Garrison Bradford & Associates Inc. grew its position in Ohr Pharmaceuticals by 482.4% in the third quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock worth $358,000 after buying an additional 412,000 shares during the last quarter. Wedbush Securities Inc. acquired a new position in Ohr Pharmaceuticals in the 3rd quarter worth approximately $311,000. Vanguard Group Inc. boosted its stake in Ohr Pharmaceuticals by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after purchasing an additional 5,481 shares during the period. Cannell Peter B & Co. Inc. acquired a new position in Ohr Pharmaceuticals in the 2nd quarter worth approximately $187,000. Finally, Renaissance Technologies LLC boosted its stake in Ohr Pharmaceuticals by 242.3% in the 1st quarter. Renaissance Technologies LLC now owns 229,709 shares of the biotechnology company’s stock worth $191,000 after purchasing an additional 162,600 shares during the period. Hedge funds and other institutional investors own 8.40% of the company’s stock.

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Ohr Pharmaceuticals Company Profile

OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.

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