What’s Propelling Alpine Immune Sciences Inc (NASDAQ:ALPN) After Higher Shorts Reported?

September 14, 2018 - By Robert Crowder

The stock of Alpine Immune Sciences Inc (NASDAQ:ALPN) registered an increase of 1.8% in short interest. ALPN’s total short interest was 50,900 shares in September as published by FINRA. Its up 1.8% from 50,000 shares, reported previously. With 25,100 shares average volume, it will take short sellers 2 days to cover their ALPN’s short positions.

The stock increased 0.80% or $0.05 during the last trading session, reaching $6.29. About 67 shares traded. Alpine Immune Sciences, Inc. (NASDAQ:ALPN) has declined 35.10% since September 14, 2017 and is downtrending. It has underperformed by 50.72% the S&P500.

Alpine Immune Sciences, Inc. focuses on the discovery and development of protein immunotherapies for the treatment of cancer, inflammatory disorders, and other diseases. The company has market cap of $87.12 million. The Company’s lead programs include ALPN-101, an ICOS/CD28 antagonist program for the treatment of autoimmune and inflammatory diseases; and ALPN-202 program for the treatment of cancer. It currently has negative earnings. The firm has a collaboration and licensing agreement with the Kite Pharma, Inc. for discovering and developing protein immunotherapies targeting the immune synapse to treat cancer.

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