Nascent Biotech, Inc. (OTCMKTS:NBIO) Sees Significant Decrease in Short Interest

Nascent Biotech, Inc. (OTCMKTS:NBIO) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,500 shares, a drop of 60.6% from the January 15th total of 16,500 shares. Based on an average daily volume of 14,300 shares, the short-interest ratio is currently 0.5 days.

Nascent Biotech Stock Performance

OTCMKTS NBIO opened at $0.01 on Friday. The firm’s fifty day moving average is $0.03 and its two-hundred day moving average is $0.05. Nascent Biotech has a one year low of $0.00 and a one year high of $0.19.

About Nascent Biotech

Nascent Biotech, Inc, a clinical-stage biopharmaceutical company, develops monoclonal antibodies for the treatment of various forms of cancer. It is developing Pritumumab, a drug to treat patients with brain cancer malignancies, such as glioblastoma and malignant astrocytoma, as well as epithelial cancers, including lung, breast, colon, brain, and pancreas cancer.