Nuvalent Inc (NASDAQ:NUVL) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 757,900 shares, a growth of 104.0% from the August 15th total of 371,600 shares. Based on an average daily trading volume, of 249,800 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.1% of the shares of the company are sold short.
Nuvalent stock opened at $37.55 on Friday. Nuvalent has a one year low of $17.00 and a one year high of $40.82.
Nuvalent (NASDAQ:NUVL) last posted its earnings results on Wednesday, September 8th. The company reported ($3.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($2.97). On average, sell-side analysts anticipate that Nuvalent will post -1.25 earnings per share for the current fiscal year.
Nuvalent Company Profile
Nuvalent Inc is a biopharmaceutical company. It focused on creating precisely targeted therapies for clinically proven kinase targets in cancer. The company’s program pipeline includes ROS1-positive and ALK-positive NSCLC. Nuvalent Inc is based in CAMBRIDGE, Mass.
Read More: What is a capital gain?
Receive News & Ratings for Nuvalent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuvalent and related companies with MarketBeat.com's FREE daily email newsletter.