Idorsia Ltd (OTCMKTS:IDRSF) Short Interest Up 17.8% in July

Idorsia Ltd (OTCMKTS:IDRSFGet Rating) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 7,062,600 shares, a growth of 17.8% from the June 30th total of 5,996,700 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 4,414.1 days.

Idorsia Price Performance

Shares of IDRSF stock opened at $13.23 on Thursday. Idorsia has a one year low of $11.62 and a one year high of $25.87. The company’s 50-day moving average is $13.98 and its 200 day moving average is $17.37.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IDRSF shares. HC Wainwright upped their target price on shares of Idorsia from CHF 35 to CHF 36 in a research report on Tuesday, May 31st. Morgan Stanley cut their price objective on shares of Idorsia from CHF 28 to CHF 18 and set an “equal weight” rating on the stock in a research report on Friday, July 22nd.

Idorsia Company Profile

(Get Rating)

Idorsia Ltd, a biopharmaceutical company, discovers, develops, and commercializes drugs for unmet medical needs in Switzerland. The company has a clinical development pipeline that cover various therapeutic areas, including CNS, cardiovascular, and immunological disorders, as well as orphan diseases.

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