Is Buying Eiger Biopharmaceuticals Inc (NASDAQ:EIGR) Here Good Idea?

May 25, 2018 - By Hazel Jackson

Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) Logo

The stock of Eiger Biopharmaceuticals Inc (NASDAQ:EIGR) registered a decrease of 2.98% in short interest. EIGR’s total short interest was 289,800 shares in May as published by FINRA. Its down 2.98% from 298,700 shares, reported previously. With 83,200 shares average volume, it will take short sellers 4 days to cover their EIGR’s short positions. The short interest to Eiger Biopharmaceuticals Inc’s float is 4.69%.

The stock decreased 0.76% or $0.1 during the last trading session, reaching $13. About 297,265 shares traded or 125.83% up from the average. Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) has declined 11.57% since May 25, 2017 and is downtrending. It has underperformed by 23.12% the S&P500.

Eiger BioPharmaceuticals, Inc., a clinical stage biopharmaceutical company, focuses on providing various products for the treatment of orphan diseases in the United States. The company has market cap of $137.02 million. The Company’s product candidate pipeline includes Lonafarnib for the treatment of hepatitis delta virus infection; PEG-interferon Lambda-1a (Lambda) for HDV infection; Exendin 9-39 for post-bariatric hypoglycemia; and Ubenimex for the treatment of pulmonary arterial hypertension and lymphedema, which are under Phase II clinical trials. It currently has negative earnings.

More notable recent Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) news were published by: Benzinga.com which released: “45 Biggest Movers From Yesterday” on May 25, 2018, also Streetinsider.com with their article: “Eiger BioPharmaceuticals (EIGR) Prices 3.2M Common Stock Offering at $12.50/Share” published on May 24, 2018, Streetinsider.com published: “After-Hours Stock Movers 05/23: (BW) (WSM) (SMRT) Higher; (LB) (NTAP) (EIGR) Lower (more…)” on May 23, 2018. More interesting news about Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) were released by: Benzinga.com and their article: “Benzinga’s Daily Biotech Pulse: Eiger And Melinta Fall On Offerings, Apellis And Marinus Rise On Bullish Ratings” published on May 24, 2018 as well as Benzinga.com‘s news article titled: “12 Stocks To Watch For May 24, 2018” with publication date: May 24, 2018.

Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) Ratings Chart

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