Arca Biopharma Inc (NASDAQ:ABIO) Reports Increase in Sellers; Strong Momentum for Short Players

ARCA biopharma, Inc. (NASDAQ:ABIO) Logo

The stock of Arca Biopharma Inc (NASDAQ:ABIO) registered an increase of 14.38% in short interest. ABIO’s total short interest was 416,000 shares in July as published by FINRA. Its up 14.38% from 363,700 shares, reported previously. With 174,100 shares average volume, it will take short sellers 2 days to cover their ABIO’s short positions.

The stock decreased 0.44% or $0.03 during the last trading session, reaching $6.84. About 49,398 shares traded. ARCA biopharma, Inc. (NASDAQ:ABIO) has declined 5.74% since July 14, 2018 and is downtrending. It has underperformed by 10.17% the S&P500.

ARCA biopharma, Inc., a biopharmaceutical company, focuses on developing genetically-targeted therapies for cardiovascular diseases. The company has market cap of $9.96 million. The company's lead product candidate is Gencaro, a pharmacologically beta-blocker and mild vasodilator, which is in clinical trial for the treatment of atrial fibrillation in chronic heart failure patients with reduced left ventricular ejection fraction. It currently has negative earnings. It also engages in the development of a preclinical plan for AB171, a new chemical entity for the treatment of various cardiovascular indications, such as peripheral arterial disease and chronic heart failure.

More notable recent ARCA biopharma, Inc. (NASDAQ:ABIO) news were published by: Seekingalpha.com which released: “MiMedx Group and ARCA biopharma among healthcare gainers; Stellar Biotechnologies and Aduro BioTech among losers – Seeking Alpha” on June 03, 2019, also Benzinga.com with their article: “52 Biggest Movers From Yesterday – Benzinga” published on May 21, 2019, Nasdaq.com published: “Health Care Sector Update for 05/09/2019: ABIO, AGEN, ENDP, JNJ, PFE, ABT, MRK, AMGN – Nasdaq” on May 09, 2019. More interesting news about ARCA biopharma, Inc. (NASDAQ:ABIO) were released by: Seekingalpha.com and their article: “ARCA biopharma Should Be On Your Radar After Latest Advancements – Seeking Alpha” published on May 29, 2019 as well as Benzinga.com‘s news article titled: “25 Stocks Moving In Friday’s Pre-Market Session – Benzinga” with publication date: May 10, 2019.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.