SomaLogic, Inc. (NASDAQ:SLGCW – Get Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,900 shares, an increase of 30.3% from the March 31st total of 12,200 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 3.0 days.
Institutional Trading of SomaLogic
Several institutional investors and hedge funds have recently modified their holdings of SLGCW. Saba Capital Management L.P. purchased a new stake in shares of SomaLogic in the 3rd quarter valued at about $43,000. Point72 Asset Management L.P. raised its holdings in shares of SomaLogic by 7.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,366,501 shares of the company's stock valued at $547,000 after acquiring an additional 99,074 shares in the last quarter. Finally, LMR Partners LLP raised its holdings in shares of SomaLogic by 64.0% in the 3rd quarter. LMR Partners LLP now owns 573,577 shares of the company's stock valued at $1,663,000 after acquiring an additional 223,842 shares in the last quarter.
Get SomaLogic alerts:SomaLogic Stock Down 14.1 %
NASDAQ SLGCW traded down $0.05 during trading hours on Friday, hitting $0.34. The company had a trading volume of 1,160 shares, compared to its average volume of 5,686. SomaLogic has a 52 week low of $0.22 and a 52 week high of $1.40. The firm has a 50 day simple moving average of $0.35 and a 200 day simple moving average of $0.41.
About SomaLogic
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SomaLogic, Inc operates as a protein biomarker discovery and clinical diagnostics company in the United States. It develops slow off-rate modified aptamers (SOMAmers), which are modified nucleic acid-based protein binding reagents that are specific for their cognate protein; and offers proprietary SomaScan services, which provide multiplex protein detection and quantification of protein levels in complex biological samples.
Further Reading
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