Xbiotech Inc (NASDAQ:XBIT) Sellers Decreased Their Shorts By 4.21%

XBiotech Inc. (NASDAQ:XBIT) Corporate Logo

Xbiotech Inc (NASDAQ:XBIT) had a decrease of its shares shorted by 4.21%. In November was issued XBIT’s total 2.53M shares shorted by FINRA. Previously was reported down change of 4.21% from 2.64 million shares. Previous XBIT’s position will need 69 days to restore. It has 36,500 average volume. 12.85% is Xbiotech Inc float short.

Ticker’s shares touched $4.31 during the last trading session after 0.23% change.Currently XBiotech Inc. is downtrending after 36.41% change in last November 23, 2017. XBIT has 200 shares volume. XBIT underperformed the S&P 500 by 52.03%.

XBiotech Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases.The company has $154.38 million market cap. 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.Currently it has 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.

More recent XBiotech Inc. (NASDAQ:XBIT) news were posted by Globenewswire.com, Globenewswire.com and Nasdaq.com. The first one has “XBiotech Highlights Third Quarter Developments for 2018” as a title and was posted on October 31, 2018. The next is “XBiotech Announces New Patents for Third Quarter 2018” on October 26, 2018. And last was posted on November 23, 2018, called “Detailed Research: Economic Perspectives on Jason Industries, XBiotech, Dynatronics, Evolving, CTI BioPharma, and …”.

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