Is Xbiotech Inc (NASDAQ:XBIT) a Buy? The Stock Reported Less Sellers – Thorold News

XBiotech Inc. (NASDAQ:XBIT) Logo

The stock of Xbiotech Inc (NASDAQ:XBIT) registered a decrease of 5.26% in short interest. XBIT’s total short interest was 1.65 million shares in December as published by FINRA. Its down 5.26% from 1.74M shares, reported previously. With 23,200 shares average volume, it will take short sellers 71 days to cover their XBIT’s short positions. The short interest to Xbiotech Inc’s float is 8.38%.

The stock increased 8.41% or $0.46 during the last trading session, reaching $5.93. About 312,143 shares traded or 281.24% up from the average. XBiotech Inc. (NASDAQ:XBIT) has declined 7.38% since December 21, 2017 and is downtrending. It has underperformed by 7.38% the S&P500.

XBiotech Inc., a clinical-stage biopharmaceutical company, engages in discovering and developing True Human monoclonal antibodies for treating various diseases. The company has market cap of $212.41 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. It currently 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 notable recent XBiotech Inc. (NASDAQ:XBIT) news were published by: Seekingalpha.com which released: “Xbiotech Has A Late-Stage Drug Targeting An Enormous Market – Seeking Alpha” on January 26, 2017, also Globenewswire.com with their article: “XBiotech Announces New Patents for Third Quarter 2018 – GlobeNewswire” published on October 26, 2018, Nasdaq.com published: “XBiotech’s Results from Phase 2 Atopic Dermatitis Study Suggest New Drug to Treat Skin Disease – Nasdaq” on December 12, 2018. More interesting news about XBiotech Inc. (NASDAQ:XBIT) were released by: Nasdaq.com and their article: “Dow Drops 44 Points in Quiet Veterans Day Trading – Nasdaq” published on November 12, 2018 as well as Nasdaq.com‘s news article titled: “Stock Market News For Feb 9, 2018 – Nasdaq” with publication date: February 09, 2018.

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