Athenex Inc (NASDAQ:ATNX) Sellers Covered 5.9% of Their Shorts

November 10, 2018 - By Robert Crowder

The stock of Athenex Inc (NASDAQ:ATNX) registered a decrease of 5.9% in short interest. ATNX’s total short interest was 3.57 million shares in November as published by FINRA. Its down 5.9% from 3.80M shares, reported previously. With 219,200 shares average volume, it will take short sellers 16 days to cover their ATNX’s short positions. The short interest to Athenex Inc’s float is 10.2%.

The stock decreased 4.05% or $0.51 during the last trading session, reaching $12.09. About 178,197 shares traded. Athenex, Inc. (NASDAQ:ATNX) has declined 4.41% since November 10, 2017 and is downtrending. It has underperformed by 20.03% the S&P500.

Athenex, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of therapies for the treatment of cancer. The company has market cap of $807.67 million. The Company’s Orascovery product candidates include Oraxol, an oral dosage form, which is in a Phase III trial in metastatic breast cancer for the treatment of advanced gastric cancer; Oratecan, an anticancer agent that is in a Phase 1 study for the treatment of colorectal, lung, ovarian, cervical, pancreatic, upper gastrointestinal, and brain cancer; Oradoxel, an anticancer agent, which is in a Phase 1 clinical study in the treatment of breast, prostate, gastric, head and neck, and lung cancer; and Oratopo, an anticancer for the treatment of cervical, ovarian ,and lung cancer. It currently has negative earnings. The firm also develops KX-01, a compound, which is in Phase 3 study for the treatment of for actinic keratosis; and KX-02 for the treatment of gliomas.

More important recent Athenex, Inc. (NASDAQ:ATNX) news were published by: Streetinsider.com which released: “Athenex (ATNX) Announces FDA Allowance of IND Application of Eribulin ORA to Begin Clinical Trials” on October 29, 2018, also Globenewswire.com published article titled: “Athenex to Present Positive Data of Oraxol Clinical Trial in Breast Cancer at the ESMO 2018 Congress”, Seekingalpha.com published: “Athenex reports positive data on T-cell therapy” on October 15, 2018. More interesting news about Athenex, Inc. (NASDAQ:ATNX) was released by: Seekingalpha.com and their article: “Premarket analyst action – healthcare” with publication date: October 25, 2018.

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