What Next for Sierra Oncology Incorporated (NASDAQ:SRRA) Stock After Decrease in Shorted Shares?

June 19, 2017 - By Vivian Park

 What Next for Sierra Oncology Incorporated (NASDAQ:SRRA) Stock After Decrease in Shorted Shares?

The stock of Sierra Oncology Incorporated (NASDAQ:SRRA) registered a decrease of 3.03% in short interest. SRRA’s total short interest was 852,200 shares in June as published by FINRA. Its down 3.03% from 878,800 shares, reported previously. With 206,000 shares average volume, it will take short sellers 4 days to cover their SRRA’s short positions. The short interest to Sierra Oncology Incorporated’s float is 2.24%.

About 58,762 shares traded. Sierra Oncology Inc (NASDAQ:SRRA) has declined 77.65% since June 19, 2016 and is downtrending. It has underperformed by 94.35% the S&P500.

Sierra Oncology, Inc., formerly ProNAi Therapeutics, Inc., is a clinical-stage drug development company. The company has market cap of $61.18 million. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 , a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network. It currently has negative earnings. SRA737 is being investigated in approximately two Phase I clinical trials in patients with advanced cancer.

More notable recent Sierra Oncology Inc (NASDAQ:SRRA) news were published by: Marketwatch.com which released: “Sierra Oncology shares jump 7.3% premarket on news of positive early-stage …” on June 05, 2017, also Reuters.com with their article: “BRIEF-Sierra Oncology granted US, EU patents for CHK1 inhibitor SRA737” published on May 30, 2017, Prnewswire.com published: “Sierra Oncology Reports 2016 Year-End Results” on March 02, 2017. More interesting news about Sierra Oncology Inc (NASDAQ:SRRA) were released by: 247Wallst.com and their article: “With New Cash and Cancer Targets, Analyst Sees Almost 200% Upside in Sierra …” published on February 22, 2017 as well as Seekingalpha.com‘s news article titled: “ProNAi Is Not Quite Dead In The Water” with publication date: June 09, 2016.

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