Avalon GloboCare Corp. (NASDAQ:ALBT) Sees Significant Drop in Short Interest

Avalon GloboCare Corp. (NASDAQ:ALBTGet Free Report) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 96,534 shares, a drop of 13.1% from the December 31st total of 111,024 shares. Based on an average daily volume of 42,481 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.5% of the company’s shares are short sold. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 42,481 shares, the days-to-cover ratio is presently 2.3 days.

Avalon GloboCare Stock Down 4.4%

Shares of Avalon GloboCare stock opened at $0.70 on Wednesday. The company has a market cap of $2.97 million, a P/E ratio of -0.20 and a beta of -0.06. The firm’s 50 day moving average price is $1.18 and its 200-day moving average price is $1.85. Avalon GloboCare has a 52-week low of $0.66 and a 52-week high of $11.66.

Avalon GloboCare (NASDAQ:ALBTGet Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $0.35 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Avalon GloboCare in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Avalon GloboCare has a consensus rating of “Sell”.

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Avalon GloboCare Company Profile

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Avalon GloboCare is a clinical-stage biopharmaceutical company specializing in the research, development and commercialization of next-generation cell-based therapies and exosome-based diagnostics. The company’s pipeline focuses on allogeneic chimeric antigen receptor T-cell (CAR-T) and CAR-natural killer (CAR-NK) programs targeting hematological malignancies and solid tumors, alongside proprietary exosome platforms for noninvasive cancer detection.

Through its R&D facilities in both the United States and China, Avalon GloboCare integrates cell engineering, genetic modification and biomarker discovery to advance therapeutic and diagnostic candidates from preclinical research into human studies.

Further Reading

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