Biodexa Pharmaceuticals PLC Unsponsored ADR (NASDAQ:BDRX) Stock Short Interest Declines 99.4%

Biodexa Pharmaceuticals PLC Unsponsored ADR (NASDAQ:BDRX) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 5,752 shares, a decrease of 99.4% from the October 15th total of 919,936 shares. Based on an average daily volume of 48,213 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.5% of the shares of the company are short sold.

Biodexa Pharmaceuticals Price Performance

BDRX remained flat at $2.46 on Tuesday. The company’s stock had a trading volume of 22,684 shares, compared to its average volume of 526,962. The stock’s 50-day moving average is $4.79 and its 200 day moving average is $23.04. Biodexa Pharmaceuticals has a 12-month low of $2.28 and a 12-month high of $357.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Biodexa Pharmaceuticals from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Biodexa Pharmaceuticals presently has an average rating of “Sell”.

Biodexa Pharmaceuticals Company Profile

Biodexa Pharmaceuticals plc (NASDAQ: BDRX) is a specialty pharmaceutical company focused on developing and commercializing therapies for rare and difficult-to-treat diseases, with an emphasis on oncology and neurological conditions. The company’s programs are designed to address areas where existing treatment options are limited. Biodexa has developed drug-delivery technologies intended to improve the administration, targeting and duration of pharmaceutical treatments. Its portfolio has included Q-Sphera, a platform for producing long-acting injectable medicines, as well as development programs involving therapies delivered directly to tumors or the central nervous system.