Xbiotech Inc (NASDAQ:XBIT) Shorts Declined By 4.21%

November 1, 2018 – By Eric Painter

XBiotech Inc. (NASDAQ:XBIT) Corporate Logo

It was registered a decrease on Xbiotech Inc (NASDAQ:XBIT)’s shares shorted with 4.21%. In November was issued XBIT’s total 2.53M shares shorted by FINRA. That’s 4.21% down from 2.64M shares. With Average volume 36,500, XBIT’s former position will take 69 days to restore. Float short on Xbiotech Inc is 12.85%.

Ticker’s shares touched $3.9 during the last trading session after 2.09% change.Currently XBiotech Inc. is downtrending after 36.41% change in last November 1, 2017. XBIT has 8,444 shares volume. The stock underperformed the S&P500 by 52.03%.

XBiotech Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases.The firm is worth $139.70 million. The company??s lead product is Xilonix, which is also known as MABp1, a therapeutic antibody that neutralizes interleukin-1 alpha, which has completed Phase III clinical trial in Europe for the treatment of symptomatic and advanced colorectal cancer.Last it reported negative earnings. It has also investigating its lead product candidate in various clinical trials for other inflammatory conditions, including vascular disease, type II diabetes, acne, psoriasis, pyoderma gangrenosum, and hidradenitis suppurativa, as well as staphylococcus aureus infection, influenza, and clostridium difficile infection diseases.

A couple more XBiotech Inc. (NASDAQ:XBIT) news were announced by: Globenewswire.com which released on October 26, 2018 “XBiotech Announces New Patents for Third Quarter 2018”, also Globenewswire.com on October 31, 2018 announced “XBiotech Highlights Third Quarter Developments for 2018”, the next Seekingalpha.com is “XBiotech completes enrollment in Phase 2 study evaluating bermekimab in patients with atopic dermatitis” on October 05, 2018. Globenewswire.com has article titled “XBiotech Announces Dismissal of Securities Class Action Suit”.

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