Immunome, Inc. (NASDAQ:IMNM) Sees Significant Drop in Short Interest


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Immunome, Inc. (NASDAQ:IMNM) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 191,600 shares, a drop of 19.0% from the March 31st total of 236,400 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 280,700 shares, the days-to-cover ratio is presently 0.7 days.

Shares of NASDAQ IMNM traded down $0.64 during trading on Tuesday, reaching $24.42. 69,754 shares of the company traded hands, compared to its average volume of 243,311. The firm has a 50 day simple moving average of $30.08 and a 200-day simple moving average of $20.04. Immunome has a 52-week low of $9.27 and a 52-week high of $63.78.

Immunome (NASDAQ:IMNM) last announced its quarterly earnings results on Wednesday, March 24th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.11). As a group, equities research analysts anticipate that Immunome will post -2.32 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of Immunome in the first quarter worth approximately $47,000. New York State Common Retirement Fund purchased a new position in shares of Immunome in the fourth quarter worth approximately $53,000. JPMorgan Chase & Co. purchased a new position in shares of Immunome in the fourth quarter worth approximately $55,000. Northern Trust Corp purchased a new position in shares of Immunome in the fourth quarter worth approximately $245,000. Finally, Granite Point Capital Management L.P. purchased a new position in shares of Immunome in the fourth quarter worth approximately $645,000.

Separately, Zacks Investment Research raised shares of Immunome from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday.

About Immunome

Immunome, Inc, a biopharmaceutical company, discovers and develops antibody therapeutics for oncology and infectious disease. The company's lead oncology program includes IMM-ONC-01, which targets IL-38 tumor-derived immune checkpoint capable of promoting evasion of the immune system. It also develops IMM-BCP-01, an antibody cocktail product candidate for the treatment of SARS-CoV-2 infections and COVID-19.

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