Beyondspring Inc (NASDAQ:BYSI) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 244,200 shares, a growth of 15.5% from the April 30th total of 211,400 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is presently 12.5 days.
Shares of Beyondspring stock traded up $0.66 during trading on Wednesday, hitting $23.12. 19,837 shares of the stock were exchanged, compared to its average volume of 14,829. The stock has a market cap of $489.10 million, a P/E ratio of -9.55 and a beta of 0.81. Beyondspring has a 12-month low of $13.06 and a 12-month high of $27.80.
Beyondspring (NASDAQ:BYSI) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter. On average, sell-side analysts expect that Beyondspring will post -1.82 earnings per share for the current year.
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BeyondSpring Inc, a clinical stage biopharmaceutical company, focuses on the development of cancer therapies. The company is advancing its lead asset, Plinabulin, into a Phase 2/3 clinical trial for the reduction of docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase 2/3 clinical trial for the prevention of non-docetaxel chemotherapy-induced severe, grade 4 neutropenia; a Phase 3 clinical trial as an anticancer agent in combination with docetaxel in advanced non-small cell lung cancer; and Phase 1/2 clinical trials with the immuno-oncology agent nivolumab.
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