Ikena Oncology, Inc. (NASDAQ:IKNA – Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 90,600 shares, a growth of 9.7% from the November 15th total of 82,600 shares. Based on an average daily trading volume, of 58,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.3% of the company’s stock are sold short.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on IKNA. Wedbush reissued a “neutral” rating and set a $2.00 price objective on shares of Ikena Oncology in a report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Ikena Oncology in a report on Monday, November 11th.
Get Our Latest Stock Report on Ikena Oncology
Ikena Oncology Price Performance
Ikena Oncology (NASDAQ:IKNA – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Equities analysts forecast that Ikena Oncology will post -0.91 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Ikena Oncology in the second quarter valued at approximately $30,000. BBR Partners LLC bought a new stake in shares of Ikena Oncology during the second quarter worth $33,000. AQR Capital Management LLC bought a new stake in Ikena Oncology during the 2nd quarter worth about $36,000. FMR LLC increased its stake in shares of Ikena Oncology by 94.1% during the 3rd quarter. FMR LLC now owns 38,374 shares of the company’s stock worth $66,000 after purchasing an additional 18,607 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ikena Oncology during the second quarter worth approximately $75,000. Institutional investors own 75.00% of the company’s stock.
Ikena Oncology Company Profile
Ikena Oncology, Inc operates as an oncology company that develops differentiated therapies for patients in need that target nodes of cancer growth, spread, and therapeutic resistance in the United States. Its lead program is IK-930, an internally discovered, oral, TEAD1-selective, small molecule inhibitor of the Hippo pathway.
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