Short Interest in Revolution Medicines, Inc. (NASDAQ:RVMDW) Drops By 91.3%

Revolution Medicines, Inc. (NASDAQ:RVMDW) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 573 shares, a decrease of 91.3% from the January 15th total of 6,564 shares. Based on an average daily trading volume, of 145,384 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 145,384 shares, the days-to-cover ratio is presently 0.0 days.

Revolution Medicines Stock Performance

RVMDW stock traded down $0.01 during trading hours on Tuesday, reaching $1.55. The stock had a trading volume of 14,200 shares, compared to its average volume of 194,367. The stock has a 50-day simple moving average of $1.58 and a 200 day simple moving average of $0.78. Revolution Medicines has a fifty-two week low of $0.03 and a fifty-two week high of $3.59.

About Revolution Medicines

Revolution Medicines (NASDAQ:RVMDW) is a clinical-stage oncology company focused on discovering and developing small-molecule therapies that target the RAS signaling pathway. The company’s scientific approach centers on designing molecules that selectively inhibit mutant RAS proteins and key regulators of RAS-driven cancers, with the goal of addressing tumor types that have historically been resistant to targeted therapies.

Revolution Medicines has advanced multiple pipeline candidates into clinical trials, including RMC-4630, a selective SHP2 inhibitor, and RMC-6236, an oral pan-RAS inhibitor designed to block signaling from multiple RAS mutants.