Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) Short Interest Down 53.1% in February

Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 12,800 shares, a drop of 53.1% from the February 13th total of 27,300 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is currently 0.3 days.

Titan Pharmaceuticals Stock Performance

Titan Pharmaceuticals stock opened at $3.69 on Friday. Titan Pharmaceuticals has a 1 year low of $3.03 and a 1 year high of $14.80. The firm’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $4.14.

Titan Pharmaceuticals (NASDAQ:TTNP) last posted its quarterly earnings results on Friday, January 3rd. The specialty pharmaceutical company reported ($0.83) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Titan Pharmaceuticals in a research note on Sunday, March 9th. They set a “sell” rating on the stock.

About Titan Pharmaceuticals

Titan Pharmaceuticals, Inc, a pharmaceutical company, develops therapeutics for the treatment of chronic diseases in the United States and internationally. It develops products based on ProNeura, a proprietary long-term drug delivery platform. It also develops TP-2021 in combination with ProNeura technology for the treatment of chronic pruritus, a severe and debilitating condition defined as itching of the skin lasting longer than six weeks; and Nalmefene implant program for the prevention of opioid relapse following detoxification of patients suffering opioid use disorder.