Ipsen S.A. (OTCMKTS:IPSEY) Sees Large Decrease in Short Interest

Ipsen S.A. (OTCMKTS:IPSEY) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 200 shares, a decline of 93.5% from the October 31st total of 3,100 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 0.2 days.

Ipsen Stock Performance

OTCMKTS:IPSEY traded down $0.30 during trading hours on Wednesday, reaching $28.51. The company’s stock had a trading volume of 327 shares, compared to its average volume of 1,441. Ipsen has a 12 month low of $26.97 and a 12 month high of $34.06. The stock has a 50 day moving average price of $30.40 and a two-hundred day moving average price of $30.56.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Ipsen from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 16th.

About Ipsen

Ipsen SA operates as a biopharmaceutical company worldwide. The company provides drugs in the areas of oncology, neuroscience, and rare diseases. Its product pipeline comprises Cabometyx + Atezolizumab, which is in phase III clinical trial for the treatment of second line metastatic castration-resistant prostate cancer; lenalidomide and rituximab, and Taverik, which is in phase III for the treatment of second line follicular lymphoma; Bylvay, which is in phase III for the treatment of biliary atresia; Dysport, which is in phase III clinical trial for the treatment of chronic and episodic migraine; Fidrisertib, which is in phase II clinical trial for the treatment of fibrodysplasia ossificans progressiva; Elafibranor, which is in phase II for the treatment of primary sclerosing cholangitis, as well as IPN60250; IPN10200, which is in phase II for the treatment of longer-acting neurotoxin aesthetics and therapeutics; IPN60210, which is in phase I clinical trial for the treatment of relapsed/refractory multiple myeloma; and IPN60260 for the treatment of Viral cholestatic disease and is in phase I clinical trial.