Is Casi Pharmaceuticals Inc (NASDAQ:CASI) a Buy? The Stock Reported Less Sellers

June 25, 2018 - By Kenneth Lin

CASI Pharmaceuticals, Inc. (NASDAQ:CASI) Logo

Investors sentiment increased to 2 in 2018 Q1. Its up 0.10, from 1.9 in 2017Q4. It increased, as 1 investors sold CASI Pharmaceuticals, Inc. shares while 10 reduced holdings. 10 funds opened positions while 12 raised stakes. 4.96 million shares or 39.41% more from 3.56 million shares in 2017Q4 were reported.
Perceptive Advsr Limited Liability Com holds 43,682 shares or 0.01% of its portfolio. Verition Fund Mgmt Lc reported 0% of its portfolio in CASI Pharmaceuticals, Inc. (NASDAQ:CASI). Susquehanna Gru Llp accumulated 140,680 shares or 0% of the stock. Moreover, Geode Cap Management Limited Co has 0% invested in CASI Pharmaceuticals, Inc. (NASDAQ:CASI). Fincl Bank Of Mellon Corp holds 0% of its portfolio in CASI Pharmaceuticals, Inc. (NASDAQ:CASI) for 36,880 shares. Moreover, Goldman Sachs Grp has 0% invested in CASI Pharmaceuticals, Inc. (NASDAQ:CASI). Royal Bank Of Canada stated it has 17,545 shares. Millennium Mgmt reported 430,297 shares. Atlantic Gru Ltd Liability has 100 shares. Barclays Public Ltd holds 0% of its portfolio in CASI Pharmaceuticals, Inc. (NASDAQ:CASI) for 46,200 shares. Guggenheim Capital Lc reported 10,949 shares. Wells Fargo And Com Mn accumulated 60 shares. Financial Bank Of America De has 0% invested in CASI Pharmaceuticals, Inc. (NASDAQ:CASI). Penobscot Invest Mgmt Com holds 0.03% or 27,000 shares. Northern Corporation has 73,987 shares.

The stock of Casi Pharmaceuticals Inc (NASDAQ:CASI) registered a decrease of 7.88% in short interest. CASI’s total short interest was 1.72M shares in June as published by FINRA. Its down 7.88% from 1.87M shares, reported previously. With 671,400 shares average volume, it will take short sellers 3 days to cover their CASI’s short positions. The short interest to Casi Pharmaceuticals Inc’s float is 6.29%.

The stock increased 9.98% or $0.57 during the last trading session, reaching $6.28. About 6.30 million shares traded or 590.69% up from the average. CASI Pharmaceuticals, Inc. (NASDAQ:CASI) has risen 585.86% since June 25, 2017 and is uptrending. It has outperformed by 573.29% the S&P500.

CASI Pharmaceuticals, Inc., a late-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of therapeutics addressing cancer and other unmet medical needs in China. The company has market cap of $540.99 million. The Company’s lead drug candidate is ENMD-2076, an Aurora A/angiogenic kinase inhibitor, which is in multiple Phase II studies in advanced fibrolamellar carcinoma, triple-negative breast cancer, advanced ovarian clear cell carcinomas, and advanced/metastatic soft tissue sarcoma. It currently has negative earnings. The companyÂ’s late-stage clinical drug candidates, including MARQIBO, a microtubule inhibitor to treat adult patients with philadelphia chromosome-negative acute lymphoblastic leukemia; ZEVALIN injection for intravenous use indicated for the treatment of patients with relapsed or refractory, low-grade, or follicular B-cell non-hodgkinÂ’s lymphoma, as well as for the treatment of patients with previously untreated follicular non-hodgkinÂ’s lymphoma; and EVOMELA, a melphalan hydrochloride for injection primarily for use as a high-dose conditioning treatment prior to hematopoietic progenitor cell transplantation in patients with multiple myeloma.

More important recent CASI Pharmaceuticals, Inc. (NASDAQ:CASI) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Lower; Kroger Earnings Beat Expectations” on June 21, 2018, also Benzinga.com published article titled: “44 Stocks Moving In Thursday’s Mid-Day Session”, Fool.com published: “Here’s Why CASI Pharmaceuticals Rose as Much as 31.6% Today” on June 21, 2018. More interesting news about CASI Pharmaceuticals, Inc. (NASDAQ:CASI) was released by: Nasdaq.com and their article: “Mid-Day Market Update: Dow Down Over 150 Points; CASI Pharmaceuticals Shares Spike Higher” with publication date: June 21, 2018.

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