Eleven Biotherapeutics (EBIO) Shares Up 7.7%

Eleven Biotherapeutics, Inc. (NASDAQ:EBIO)’s share price shot up 7.7% during trading on Wednesday . The stock traded as high as $0.71 and last traded at $0.70. 4,455,500 shares traded hands during mid-day trading, an increase of 835% from the average session volume of 476,490 shares. The stock had previously closed at $0.65.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Eleven Biotherapeutics by 17.4% in the second quarter. Vanguard Group Inc. now owns 206,450 shares of the biopharmaceutical company’s stock valued at $324,000 after buying an additional 30,600 shares during the last quarter. Spark Investment Management LLC purchased a new position in Eleven Biotherapeutics in the second quarter valued at $148,000. Virtu KCG Holdings LLC purchased a new position in Eleven Biotherapeutics in the second quarter valued at $175,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Eleven Biotherapeutics in the third quarter valued at $382,000. 4.19% of the stock is currently owned by hedge funds and other institutional investors.

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Eleven Biotherapeutics Company Profile

Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.

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