Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) Short Interest Up 25.6% in April

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 363,971 shares, a growth of 25.6% from the March 31st total of 289,781 shares. Based on an average daily volume of 57,468 shares, the short-interest ratio is presently 6.3 days.

Neonc Technologies Stock Down 8.1%

NTHI traded down $0.36 during midday trading on Friday, reaching $4.06. The company had a trading volume of 60,257 shares, compared to its average volume of 56,043. The business has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $8.47. Neonc Technologies has a 12-month low of $3.20 and a 12-month high of $12.99.

Insider Transactions at Neonc Technologies

In related news, President Amir F. Heshmatpour bought 10,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $4.52 per share, for a total transaction of $45,200.00. Following the completion of the purchase, the president directly owned 3,062,000 shares in the company, valued at $13,840,240. The trade was a 0.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 70,700 shares of company stock valued at $381,990.

Institutional Trading of Neonc Technologies

A number of institutional investors have recently modified their holdings of the business. 683 Capital Management LLC purchased a new stake in shares of Neonc Technologies during the 4th quarter valued at approximately $442,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Neonc Technologies during the 4th quarter valued at approximately $126,000. Barclays PLC lifted its stake in shares of Neonc Technologies by 5,314.8% during the 4th quarter. Barclays PLC now owns 9,151 shares of the company’s stock valued at $76,000 after buying an additional 8,982 shares in the last quarter. State Street Corp lifted its stake in shares of Neonc Technologies by 9.9% during the 4th quarter. State Street Corp now owns 43,170 shares of the company’s stock valued at $357,000 after buying an additional 3,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Neonc Technologies during the 4th quarter worth approximately $124,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NTHI. Zacks Research upgraded shares of Neonc Technologies to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Neonc Technologies in a research note on Friday, March 27th. Finally, BTIG Research began coverage on shares of Neonc Technologies in a research note on Friday, April 24th. They issued a “buy” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Neonc Technologies Company Profile

Neonc Technologies Holdings, Inc develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. Its lead products in development include NEO100, which is in Phase 2a clinical trials for treating glioblastoma; and NEO212, a covalently conjugated molecule combining the chemotherapeutic drug temozolomide with perillyl alcohol that is completed preclinical testing. The company was incorporated in 2023 and is based in Los Angeles, California.