Short Interest in CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) Drops By 32.9%

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 180,100 shares, a decline of 32.9% from the February 28th total of 268,500 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average daily volume of 630,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of CNS Pharmaceuticals

Large investors have recently added to or reduced their stakes in the stock. Connective Capital Management LLC bought a new stake in shares of CNS Pharmaceuticals during the 4th quarter valued at about $34,000. Citadel Advisors LLC bought a new stake in shares of CNS Pharmaceuticals during the fourth quarter valued at approximately $39,000. Jane Street Group LLC boosted its holdings in shares of CNS Pharmaceuticals by 1,712.3% during the 4th quarter. Jane Street Group LLC now owns 419,737 shares of the company’s stock valued at $51,000 after buying an additional 396,577 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of CNS Pharmaceuticals in the 4th quarter worth about $30,000. Finally, XTX Topco Ltd bought a new stake in CNS Pharmaceuticals during the fourth quarter worth about $36,000. Institutional investors own 14.02% of the company’s stock.

CNS Pharmaceuticals Stock Performance

Shares of NASDAQ CNSP traded up $0.02 during trading hours on Monday, hitting $1.32. The company’s stock had a trading volume of 52,466 shares, compared to its average volume of 275,911. CNS Pharmaceuticals has a 12 month low of $1.21 and a 12 month high of $965.00. The business has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $5.30. The stock has a market cap of $3.87 million, a price-to-earnings ratio of -0.02 and a beta of 2.65.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CNSP shares. Alliance Global Partners upgraded shares of CNS Pharmaceuticals to a “strong-buy” rating in a research report on Friday, January 24th. Maxim Group reissued a “hold” rating on shares of CNS Pharmaceuticals in a research note on Tuesday, March 25th.

CNS Pharmaceuticals Company Profile

CNS Pharmaceuticals, Inc, a clinical pharmaceutical company, engages in the development of anti-cancer drug candidates for the treatment of brain and central nervous system tumors. The company's lead drug candidate is Berubicin, which completed Phase I clinical trial that is used for the treatment of glioblastoma multiforme.