What Will Happen to Soligenix Inc (NASDAQ:SNGX) Next? The Stock Has Decline in Shorts

June 10, 2018 - By Ash Ash

Soligenix, Inc. (NASDAQ:SNGX) Logo

The stock of Soligenix Inc (NASDAQ:SNGX) registered a decrease of 4.18% in short interest. SNGX’s total short interest was 330,100 shares in June as published by FINRA. Its down 4.18% from 344,500 shares, reported previously. With 26,600 shares average volume, it will take short sellers 12 days to cover their SNGX’s short positions.

The stock increased 1.94% or $0.03 during the last trading session, reaching $1.58. About 8,264 shares traded. Soligenix, Inc. (NASDAQ:SNGX) has declined 32.77% since June 10, 2017 and is downtrending. It has underperformed by 45.34% the S&P500.

Soligenix, Inc., a late-stage biopharmaceutical company, focuses on developing and commercializing products to treat rare diseases in the United States. The company has market cap of $13.83 million. It operates through two divisions, BioTherapeutics and Vaccines/BioDefense. It currently has negative earnings. The BioTherapeutics segment develops SGX301, a photodynamic therapy, which is in Phase III clinical trial to treat cutaneous T-cell lymphoma; and proprietary formulations of oral beclomethasone 17,21-dipropionate for the prevention/treatment of gastrointestinal disorders characterized by severe inflammation, including pediatric CrohnÂ’s disease and acute radiation enteritis.

Another recent and important Soligenix, Inc. (NASDAQ:SNGX) news was published by Benzinga.com which published an article titled: “Benzinga’s Daily Biotech Pulse: Chinese Cheer For Gilead, Immutep Presents Positive Phase 1 Data, FDA Accepts …” on May 30, 2018.

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