Catabasis Pharmaceuticals Incorporated (NASDAQ:CATB) Shorted Shares Increased 10.58% After Market Selling

January 14, 2018 - By Marry Poplack

 Catabasis Pharmaceuticals Incorporated (NASDAQ:CATB) Shorted Shares Increased 10.58% After Market Selling

The stock of Catabasis Pharmaceuticals Incorporated (NASDAQ:CATB) registered an increase of 10.58% in short interest. CATB’s total short interest was 240,400 shares in January as published by FINRA. Its up 10.58% from 217,400 shares, reported previously. With 231,200 shares average volume, it will take short sellers 1 days to cover their CATB’s short positions. The short interest to Catabasis Pharmaceuticals Incorporated’s float is 2.3%.

The stock decreased 1.28% or $0.02 during the last trading session, reaching $1.54. About 274,447 shares traded or 1.63% up from the average. Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) has declined 73.74% since January 14, 2017 and is downtrending. It has underperformed by 90.44% the S&P500.

Catabasis Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products based on safely metabolized and rationally targeted linker drug discovery platform in the United States. The company has market cap of $35.55 million. The firm offers Edasalonexent, an investigational oral small molecule, which is in Phase I/II clinical trial for the treatment of duchenne muscular dystrophy (DMD). It currently has negative earnings. It is also involved in developing SMART linker conjugates that are in preclinical stage of development, including CAT-5571 for cystic fibrosis (CF) trafficking and function of CF transmembrane conductance regulator, as well as for the clearance of Pseudomonas aeruginosa; and CAT-4001 for the treatment of severe and rare neurodegenerative diseases, such as Friedreich's ataxia and amyotrophic lateral sclerosis.

Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) Ratings Coverage

Among 5 analysts covering Catabasis Pharmaceuticals (NASDAQ:CATB), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Catabasis Pharmaceuticals had 14 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was maintained by Wedbush with “Buy” on Monday, August 14. The rating was maintained by Citigroup with “Neutral” on Thursday, October 5. The firm has “Buy” rating by Citigroup given on Tuesday, March 22. The firm earned “Hold” rating on Thursday, October 5 by Cowen & Co. The stock has “Buy” rating by Citigroup on Thursday, June 9. Wedbush maintained the shares of CATB in report on Wednesday, June 8 with “Outperform” rating. Oppenheimer maintained Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) rating on Monday, August 14. Oppenheimer has “Buy” rating and $400 target. H.C. Wainwright initiated the stock with “Buy” rating in Thursday, December 22 report. The stock of Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) earned “Buy” rating by H.C. Wainwright on Monday, August 14. The company was maintained on Monday, August 17 by Wedbush.

More notable recent Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) news were published by: which released: “Catabasis Pharmaceuticals’ (CATB) CEO Jill Milne on Q3 2017 Results – Earnings …” on November 10, 2017, also with their article: “Catabasis Pharmaceuticals’ (CATB) CEO Jill Milne on Q1 2017 Results – Earnings …” published on May 12, 2017, published: “Catabasis Pharmaceuticals to Present Results from Joint Research Collaboration …” on September 28, 2017. More interesting news about Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB) were released by: and their article: “Annual Piper Jaffray Healthcare Conference” published on November 21, 2017 as well as‘s news article titled: “Catabasis Pharmaceuticals’ (CATB) CEO Jill Milne on Q2 2017 Results – Earnings …” with publication date: August 11, 2017.

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