Sunshine Biopharma, Inc. (NASDAQ:SBFMW – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 773 shares, a drop of 85.7% from the July 30th total of 5,398 shares. Based on an average daily trading volume, of 190 shares, the days-to-cover ratio is presently 4.1 days.
Sunshine Biopharma Stock Performance
Shares of NASDAQ:SBFMW opened at $0.04 on Wednesday. The business has a 50 day moving average of $0.05 and a 200-day moving average of $0.09. Sunshine Biopharma has a 12-month low of $0.02 and a 12-month high of $0.65.
About Sunshine Biopharma
Sunshine Biopharma is a development-stage biopharmaceutical company focused on the discovery and development of novel small-molecule therapeutics for oncology and antiviral applications. The company’s research activities encompass the design, synthesis and preclinical evaluation of compounds that inhibit key pathways involved in cell proliferation and viral replication.
Among its lead programs, Sunshine Biopharma is advancing Adva-27a, a topoisomerase II inhibitor licensed from the National Research Council of Canada, which is undergoing preclinical studies for potential use in breast and ovarian cancers.
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