Solid Biosciences Inc. (NASDAQ:SLDB – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 30,100 shares, a decrease of 30.0% from the August 15th total of 43,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is currently 1.4 days.
Solid Biosciences Price Performance
NASDAQ:SLDB traded down $0.14 during mid-day trading on Friday, reaching $3.12. The stock had a trading volume of 50,882 shares, compared to its average volume of 13,566. Solid Biosciences has a one year low of $3.00 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.56 and a current ratio of 10.56. The firm has a 50 day moving average price of $3.99 and a two-hundred day moving average price of $4.89. The stock has a market capitalization of $62.59 million, a P/E ratio of -0.50 and a beta of 1.34.
Solid Biosciences (NASDAQ:SLDB – Get Free Report) last released its earnings results on Monday, August 14th. The company reported ($1.25) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.27. As a group, analysts expect that Solid Biosciences will post -4.87 earnings per share for the current year.
Institutional Inflows and Outflows
Solid Biosciences Company Profile
Solid Biosciences Inc, a life science company, engages in developing therapies for neuromuscular and cardiac diseases in the United States. The company's lead product candidate is SGT-003, a next-generation gene transfer candidate for the treatment of Duchenne muscular dystrophy (Duchenne); AVB-202-TT, a gene therapy program for the treatment of Friedreich's ataxia; AVB-401, a gene therapy program for the treatment of BAG3-mediated dilated cardiomyopathy; and other drugs for the treatment of undisclosed cardiac diseases.
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