Short Interest in InflaRx (NASDAQ:IFRX) Grows By 15.0%

InflaRx (NASDAQ:IFRX) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 248,900 shares, a growth of 15.0% from the December 15th total of 216,500 shares. Based on an average daily trading volume, of 264,900 shares, the short-interest ratio is presently 0.9 days.

InflaRx Price Performance

IFRX stock traded down $0.01 during midday trading on Friday, hitting $2.54. The stock had a trading volume of 178,129 shares, compared to its average volume of 193,527. The business has a 50-day moving average of $2.30 and a two-hundred day moving average of $1.80. InflaRx has a 52-week low of $1.16 and a 52-week high of $2.82. The firm has a market cap of $149.56 million, a price-to-earnings ratio of -2.35 and a beta of 1.66.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $8.00 target price on shares of InflaRx in a research note on Thursday.

InflaRx Company Profile

InflaRx N.V., a clinical-stage biopharmaceutical company, discovers and develops inhibitors using C5a technology in Germany and the United States. The company's C5a is an inflammatory mediator that is involved in the progression of a variety of autoimmune and other inflammatory diseases. Its lead product candidate is vilobelimab, a novel intravenously delivered first-in-class anti-C5a monoclonal antibody, which completed the Phase III clinical trial for the treatment of hidradenitis suppurativa, a rare and chronic debilitating systemic inflammatory skin disease; for the treatment of anti-neutrophil cytoplasm antibody associated vasculitis, a rare and life-threatening autoimmune disease that is in Phase II trial; to treat pyoderma gangraenosum, a chronic inflammatory skin disorder that is in Phase IIa exploratory study; and for the treatment of PD-1/PD-L1 inhibitor resistant/refractory locally advanced or metastatic cutaneous squamous cell carcinoma that is in Phase II clinical development stage.