enGene Holdings Inc. (NASDAQ:ENGNW) Sees Large Drop in Short Interest

enGene Holdings Inc. (NASDAQ:ENGNW – Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,699 shares, a decline of 63.6% from the August 31st total of 4,663 shares. Based on an average trading volume of 7,009 shares, the days-to-cover ratio is currently 0.2 days.

enGene Trading Down 7.3%

Shares of ENGNW traded down $0.02 during mid-day trading on Tuesday, reaching $0.20. The company’s stock had a trading volume of 13,000 shares, compared to its average volume of 15,871. enGene has a 12-month low of $0.11 and a 12-month high of $4.20. The company’s 50 day moving average is $0.28 and its 200 day moving average is $0.83.

enGene Company Profile

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enGene Inc is a clinical-stage biotechnology company developing non-viral gene therapies designed to treat diseases affecting mucosal tissues. The company’s proprietary DUAL (Decentralized Unit for Activated Loading) platform is intended to enable the local delivery of therapeutic DNA directly to target tissues, with the goal of producing treatment effects while limiting systemic exposure.

enGene’s lead investigational product is detalimogene voraplasmid, also known as EG-70, an intravesical gene therapy being developed for non-muscle-invasive bladder cancer.

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