Short Interest in ABVC BioPharma, Inc. (NASDAQ:ABVC) Grows By 148.2%

ABVC BioPharma, Inc. (NASDAQ:ABVC) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 628,000 shares, a growth of 148.2% from the November 30th total of 253,000 shares. Based on an average daily volume of 246,500 shares, the short-interest ratio is presently 2.5 days. Approximately 5.6% of the shares of the stock are sold short.

ABVC BioPharma Trading Up 4.0 %

Shares of ABVC opened at $0.58 on Friday. ABVC BioPharma has a twelve month low of $0.41 and a twelve month high of $2.45. The firm has a market capitalization of $7.54 million, a P/E ratio of -0.68 and a beta of 0.71. The firm’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.65.

ABVC BioPharma Company Profile

ABVC BioPharma, Inc, a clinical stage biopharmaceutical company, develops drugs and medical devices to fulfill unmet medical needs in the United States. The company is developing ABV-1501, which is in Phase II clinical trials a combination therapy for triple negative breast cancer; ABV-1504 has completed Phase II clinical trials for major depressive disorders; ABV-1505, which is in Phase II clinical trials for adult attention deficit hyperactivity disorder; ABV-1703, which is in Phase II clinical trials for the treatment of metastatic pancreatic cancer; ABV-1702, which is in Phase II clinical trials to treat myelodysplastic syndromes; and ABV-1601 that is in Phase I/II clinical trials for treating depression in cancer patients.