What Will Happen to Forty Seven Inc (NASDAQ:FTSV) Next? The Stock Has Decline in Shorts

The stock of Forty Seven Inc (NASDAQ:FTSV) registered a decrease of 4.8% in short interest. FTSV’s total short interest was 1.82M shares in August as published by FINRA. Its down 4.8% from 1.91 million shares, reported previously. With 226,200 shares average volume, it will take short sellers 8 days to cover their FTSV’s short positions. The short interest to Forty Seven Inc’s float is 13.52%.

The stock decreased 3.90% or $0.26 during the last trading session, reaching $6.4. About 511,098 shares traded or 59.13% up from the average. Forty Seven, Inc. (NASDAQ:FTSV) has declined 45.86% since August 15, 2018 and is downtrending. It has underperformed by 45.86% the S&P500.

Forty Seven Inc., a clinical-stage immuno-oncology company, focuses on developing therapies to activate macrophages for the treatment of cancer. The company has market cap of $270.18 million. It is developing 5F9, a humanized IgG4 subclass monoclonal antibody against CD47 that is in Phase 1b/2 clinical trials used for the treatment of cancer; and FSI-189, an antibody that binds to SIRPa for the treatment of solid tumors. It currently has negative earnings. The firm was formerly known as CD47 Sciences, Inc.

More notable recent Forty Seven, Inc. (NASDAQ:FTSV) news were published by: Globenewswire.com which released: “Forty Seven, Inc. Announces Closing of Underwritten Public Offering and Exercise in Full of Option to Purchase Additional Shares – GlobeNewswire” on July 22, 2019, also Finance.Yahoo.com with their article: “Forty Seven, Inc. (FTSV) Q2 Earnings Call Transcript – Yahoo Finance” published on August 14, 2019, Nasdaq.com published: “Health Care Sector Update for 03/29/2019: FTSV,SEEL,AZN,AZN.L – Nasdaq” on March 29, 2019. More interesting news about Forty Seven, Inc. (NASDAQ:FTSV) were released by: Seekingalpha.com and their article: “Forty Seven down 10% after Q1 report – Seeking Alpha” published on May 14, 2019 as well as Benzinga.com‘s news article titled: “28 Stocks Moving In Thursday’s Pre-Market Session – Benzinga” with publication date: July 18, 2019.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.