Short Interest in Kazia Therapeutics Limited (NASDAQ:KZIA) Drops By 21.2%

Kazia Therapeutics Limited (NASDAQ:KZIA – Get Rating) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 19,000 shares, a decline of 21.2% from the May 15th total of 24,100 shares. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is currently 0.7 days.

Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its position in shares of Kazia Therapeutics by 22.8% in the third quarter. Morgan Stanley now owns 287,346 shares of the company’s stock valued at $3,253,000 after purchasing an additional 53,393 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Kazia Therapeutics during the 4th quarter valued at about $223,000. Susquehanna International Group LLP lifted its position in shares of Kazia Therapeutics by 107.2% during the 4th quarter. Susquehanna International Group LLP now owns 50,762 shares of the company’s stock worth $429,000 after buying an additional 26,267 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Kazia Therapeutics during the 2nd quarter valued at $126,000. 3.60% of the stock is owned by institutional investors.

NASDAQ KZIA traded down $0.15 during mid-day trading on Thursday, reaching $5.25. 9 shares of the company’s stock traded hands, compared to its average volume of 24,532. Kazia Therapeutics has a 1-year low of $5.01 and a 1-year high of $12.28. The company has a fifty day simple moving average of $6.33 and a 200-day simple moving average of $7.09.

About Kazia Therapeutics (Get Rating)

Kazia Therapeutics Limited, an oncology-focused biotechnology company, develops anti-cancer drugs. Its lead development candidate is Paxalisib, a small molecule, brain-penetrant inhibitor of the PI3K/Akt/mTor pathway, which is developed as a potential therapy for glioblastoma. It is also developing EVT801, an investigational new drug for various forms of cancer.

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