Short Interest in NLS Pharmaceutics Ltd. (NASDAQ:NCEL) Increases By 5,453.9%

NLS Pharmaceutics Ltd. (NASDAQ:NCEL) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 121,686 shares, a growth of 5,453.9% from the December 31st total of 2,191 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 329,044 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 329,044 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.2% of the company’s stock are short sold.

Analysts Set New Price Targets

NCEL has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of NLS Pharmaceutics from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NLS Pharmaceutics in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NLS Pharmaceutics has a consensus rating of “Sell”.

NLS Pharmaceutics Trading Up 6.9%

Shares of NCEL stock opened at $2.78 on Wednesday. The firm’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $12.69. NLS Pharmaceutics has a 1 year low of $1.89 and a 1 year high of $33.70.

NLS Pharmaceutics Company Profile

NLS Pharmaceutics (NASDAQ: NCEL) is a clinical-stage biopharmaceutical company headquartered in Zurich, Switzerland, with additional operations in the United States. The company focuses on the development of small-molecule therapies designed to address disorders of the circadian rhythm and sleep-wake cycle. It leverages proprietary controlled-release and receptor-targeting approaches to optimize drug exposure over a 24-hour period.

The core of NLS Pharmaceutics’ pipeline consists of novel melatonin receptor agonists aimed at treating rare and orphan sleep disorders such as non-24-hour sleep-wake disorder and idiopathic hypersomnia.