iBio, Inc. (NYSEAMERICAN:IBIO) Sees Large Drop in Short Interest

iBio, Inc. (NYSEAMERICAN:IBIO) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 213,800 shares, a decline of 11.7% from the January 15th total of 242,000 shares. Based on an average daily volume of 174,300 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.3% of the company’s stock are short sold.

iBio Trading Up 7.3 %

Shares of NYSEAMERICAN:IBIO traded up $0.25 during trading on Tuesday, hitting $3.68. 313,736 shares of the company were exchanged, compared to its average volume of 283,382. iBio has a 12-month low of $1.05 and a 12-month high of $4.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.91 and a current ratio of 0.91.

About iBio

iBio, Inc, a preclinical stage biotechnology company, engages in the development of artificial intelligence (AI) antibodies solutions for cancer, and other diseases. The company’s technology platforms include EngageTx that provides improved CD3 T-cell engager antibody panel; ShieldTx, an antibody masking technology that enables the creation of conditionally activated antibodies; StableHu, an AI antibody-optimizing technology; and AI epitope steering technology that guides antibodies against the desired regions of the target protein.