Qualigen Therapeutics, Inc. (NASDAQ:QLGN) Sees Large Growth in Short Interest

Qualigen Therapeutics, Inc. (NASDAQ:QLGN) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 94,400 shares, a growth of 505.1% from the October 31st total of 15,600 shares. Based on an average daily volume of 82,400 shares, the short-interest ratio is currently 1.1 days. Currently, 14.1% of the company’s shares are sold short.

Qualigen Therapeutics Stock Up 4.3 %

Shares of Qualigen Therapeutics stock traded up $0.19 during trading on Wednesday, reaching $4.66. 33,767 shares of the company traded hands, compared to its average volume of 94,028. Qualigen Therapeutics has a 1-year low of $3.34 and a 1-year high of $39.13. The company has a 50 day moving average price of $6.60 and a 200-day moving average price of $9.61.

About Qualigen Therapeutics

Qualigen Therapeutics, Inc, a biotechnology company, focuses on the development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases. It offers FastPack, a patent-protected rapid, onsite immunoassay testing system. The company is developing QN-302 for the treatment of pancreatic ductal adenocarcinoma; QN-247, an oligonucleotide-based drug candidate to treat various nucleolin-expressing cancers, including liquid and solid tumors; QN-165, a drug candidate for the potential broad-spectrum treatment of infectious diseases, such as COVID-19; RAS-F, a small-molecule RAS oncogene protein-protein inhibitor that blocks RAS mutations and inhibits tumor formation; and selective target antigen removal system, a therapeutic device to remove circulating tumor cells, viruses, inflammation factors, and immune checkpoints.