Kintara Therapeutics, Inc. (NASDAQ:KTRA) Sees Large Increase in Short Interest

Kintara Therapeutics, Inc. (NASDAQ:KTRAGet Rating) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 655,700 shares, an increase of 42.0% from the May 15th total of 461,600 shares. Based on an average trading volume of 2,810,000 shares, the days-to-cover ratio is presently 0.2 days.

Separately, Dawson James lowered shares of Kintara Therapeutics from a “buy” rating to a “neutral” rating in a report on Monday, May 16th.

Several large investors have recently added to or reduced their stakes in KTRA. Geode Capital Management LLC increased its position in Kintara Therapeutics by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 292,064 shares of the company’s stock worth $251,000 after purchasing an additional 14,097 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Kintara Therapeutics in the 3rd quarter valued at about $47,000. Renaissance Technologies LLC acquired a new position in shares of Kintara Therapeutics in the 4th quarter valued at about $104,000. Citadel Advisors LLC acquired a new position in shares of Kintara Therapeutics in the 4th quarter valued at about $127,000. Finally, Virtu Financial LLC lifted its position in Kintara Therapeutics by 371.4% during the 4th quarter. Virtu Financial LLC now owns 64,913 shares of the company’s stock worth $33,000 after acquiring an additional 51,144 shares in the last quarter. 10.37% of the stock is owned by institutional investors and hedge funds.

Kintara Therapeutics stock traded up $0.04 during mid-day trading on Wednesday, hitting $0.23. The company had a trading volume of 779,905 shares, compared to its average volume of 1,869,854. The stock has a market cap of $14.94 million, a price-to-earnings ratio of -0.31 and a beta of 1.72. The business has a fifty day moving average of $0.24 and a 200 day moving average of $0.39. Kintara Therapeutics has a 1 year low of $0.14 and a 1 year high of $2.85.

Kintara Therapeutics (NASDAQ:KTRAGet Rating) last issued its quarterly earnings results on Friday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.04. As a group, equities analysts expect that Kintara Therapeutics will post -0.55 EPS for the current year.

About Kintara Therapeutics (Get Rating)

Kintara Therapeutics, Inc, a clinical stage drug development company, focuses on developing and commercializing anti-cancer therapies to treat cancer patients. It is developing two late-stage, Phase III-ready therapeutics, including VAL-083, a DNA-targeting agent for the treatment of drug-resistant solid tumors, such as glioblastoma multiforme, as well as other solid tumors, including ovarian cancer, non-small cell lung cancer, and diffuse intrinsic pontine glioma; and REM-001, a photodynamic therapy for the treatment of cutaneous metastatic breast cancer.

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