Revolution Medicines, Inc. (NASDAQ:RVMDW) Sees Significant Drop in Short Interest

Revolution Medicines, Inc. (NASDAQ:RVMDW) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, a decrease of 91.5% from the October 31st total of 4,700 shares. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is currently 0.0 days.

Revolution Medicines Price Performance

Shares of NASDAQ RVMDW remained flat at $0.40 during midday trading on Thursday. 188 shares of the company traded hands, compared to its average volume of 18,743. Revolution Medicines has a 12-month low of $0.03 and a 12-month high of $1.00. The firm has a fifty day simple moving average of $0.27 and a 200-day simple moving average of $0.18.

About Revolution Medicines

Revolution Medicines, Inc, a clinical-stage precision oncology company, develops novel targeted therapies for RAS-addicted cancers. The company's research and development pipeline comprises RAS(ON) inhibitors designed to be used as monotherapy in combination with other RAS(ON) inhibitors and/or in combination with RAS companion inhibitors or other therapeutic agents, and RAS companion inhibitors for combination treatment strategies.