ProMIS Neurosciences, Inc. Short Interest Update
PMN Stock | USD 0.92 0.11 10.68% |
About 56% of all ProMIS Neurosciences' investors are looking to take a long position. The analysis of the overall investor sentiment regarding ProMIS Neurosciences suggests that some traders are interested. ProMIS Neurosciences' investing sentiment overview a quick insight into current market opportunities from investing in ProMIS Neurosciences. Many technical investors use ProMIS Neurosciences stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
ProMIS |
ProMIS Neurosciences, Inc. saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 200 shares, a decrease of 33.3 percent from the May 31st total of 300 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is
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ProMIS Neurosciences Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards ProMIS Neurosciences can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ProMIS Neurosciences Fundamental Analysis
We analyze ProMIS Neurosciences' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProMIS Neurosciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProMIS Neurosciences based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Number Of Shares Shorted
Number Of Shares Shorted Comparative Analysis
ProMIS Neurosciences is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
ProMIS Neurosciences Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ProMIS Neurosciences stock to make a market-neutral strategy. Peer analysis of ProMIS Neurosciences could also be used in its relative valuation, which is a method of valuing ProMIS Neurosciences by comparing valuation metrics with similar companies.
Peers
ProMIS Neurosciences Related Equities
ZHCLF | Zenith Capital | 10.00 | ||||
FENC | Fennec Pharmaceuticals | 6.71 | ||||
INAB | In8bio | 3.33 | ||||
OPT | Opthea | 3.15 | ||||
CUE | Cue Biopharma | 2.83 | ||||
CGEM | Cullinan Oncology | 1.83 | ||||
GLUE | Monte Rosa | 1.65 | ||||
CNTA | Centessa Pharmaceuticals | 1.17 | ||||
CMPX | Compass Therapeutics | 0.67 | ||||
STRO | Sutro Biopharma | 0.38 | ||||
NAMS | NewAmsterdam Pharma | 1.00 | ||||
IVA | Inventiva | 1.12 | ||||
HLVX | Hillevax | 1.55 | ||||
GANX | Gain Therapeutics | 4.95 | ||||
BIVI | Biovie | 6.00 | ||||
NAMSW | NewAmsterdam Pharma | 6.11 |
Check out ProMIS Neurosciences Hype Analysis, ProMIS Neurosciences Correlation and ProMIS Neurosciences Performance. To learn how to invest in ProMIS Stock, please use our How to Invest in ProMIS Neurosciences guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProMIS Neurosciences. If investors know ProMIS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProMIS Neurosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.04 | Revenue Per Share 0.001 | Return On Assets (4.81) | Return On Equity (10.99) |
The market value of ProMIS Neurosciences is measured differently than its book value, which is the value of ProMIS that is recorded on the company's balance sheet. Investors also form their own opinion of ProMIS Neurosciences' value that differs from its market value or its book value, called intrinsic value, which is ProMIS Neurosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProMIS Neurosciences' market value can be influenced by many factors that don't directly affect ProMIS Neurosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProMIS Neurosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProMIS Neurosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProMIS Neurosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.