Arbutus Biopharma Corporation (NASDAQ:ABUS) Shorted Shares Decreased By 2.83%

June 16, 2018 - By Nellie Frank

Arbutus Biopharma Corporation (NASDAQ:ABUS) Logo

The stock of Arbutus Biopharma Corporation (NASDAQ:ABUS) registered a decrease of 2.83% in short interest. ABUS’s total short interest was 692,500 shares in June as published by FINRA. Its down 2.83% from 712,700 shares, reported previously. With 152,800 shares average volume, it will take short sellers 5 days to cover their ABUS’s short positions. The short interest to Arbutus Biopharma Corporation’s float is 2.3%.

The stock increased 5.83% or $0.35 during the last trading session, reaching $6.35. About 579,130 shares traded or 223.53% up from the average. Arbutus Biopharma Corporation (NASDAQ:ABUS) has risen 64.29% since June 16, 2017 and is uptrending. It has outperformed by 51.72% the S&P500.

Arbutus Biopharma Corporation, a biopharmaceutical company, engages in discovering, developing, and commercializing a cure for patients suffering from chronic Hepatitis B virus infection in Canada and the United States. The company has market cap of $350.32 million. It also develops a pipeline of products based on RNA interference therapeutics (RNAi). It currently has negative earnings. The companyÂ’s lead candidate is ARB-1467, which is in a Phase II trial to eliminate HBV surface antigen expression in patients chronically infected with HBV.

More recent Arbutus Biopharma Corporation (NASDAQ:ABUS) news were published by: Nasdaq.com which released: “Arbutus Strengthens Management Team With Appointment of David C. Hastings as New Chief Financial Officer” on June 07, 2018. Also Streetinsider.com published the news titled: “Arbutus Biopharma (ABUS) Announces Appointment of David C. Hastings as New Chief Financial Officer” on June 07, 2018. Nasdaq.com‘s news article titled: “Research Report Identifies Diodes, Arbutus Biopharma, Radware, Immutep, Amarin, and SPS Commerce with …” with publication date: June 06, 2018 was also an interesting one.

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