What’s Next for Therapix Biosciences LTD. – American Depositary SH (NASDAQ:TRPX) After Having More Shares Shorted?

October 13, 2018 - By Vivian Park

The stock of Therapix Biosciences LTD. – American Depositary SH (NASDAQ:TRPX) registered an increase of 5.52% in short interest. TRPX’s total short interest was 175,800 shares in October as published by FINRA. Its up 5.52% from 166,600 shares, reported previously. With 253,600 shares average volume, it will take short sellers 1 days to cover their TRPX’s short positions. The short interest to Therapix Biosciences LTD. – American Depositary SH’s float is 5.88%.

The stock increased 5.84% or $0.29 during the last trading session, reaching $5.26. About 259,847 shares traded or 32.87% up from the average. Therapix Biosciences Ltd. (NASDAQ:TRPX) has declined 30.28% since October 13, 2017 and is downtrending. It has underperformed by 45.90% the S&P500.

Therapix Biosciences Ltd., a specialty clinical-stage pharmaceutical company, develops drugs based on cannabinoid molecules. The company has market cap of $18.40 million. The Company’s drug development programs include Joint Pharma that develops THX-TS01 for the treatment of Tourette Syndrome ; and BrainBright Pharma, which develops THX-ULD01, a drug candidate based on an ultra-low dose of dronabinol for the treatment for mild cognitive impairment. It currently has negative earnings. Therapix Biosciences Ltd. has a product development agreement with Cure Pharmaceutical to develop cannabinoid product for sleep disorders.

More notable recent Therapix Biosciences Ltd. (NASDAQ:TRPX) news were published by: Benzinga.com which released: “52 Biggest Movers From Friday” on September 24, 2018, also Benzinga.com with their article: “30 Stocks Moving In Friday’s Pre-Market Session” published on September 21, 2018, Nasdaq.com published: “Mid-Day Market Update: Dow Rises Over 100 Points; Jaguar Health Shares Plunge” on October 02, 2018. More interesting news about Therapix Biosciences Ltd. (NASDAQ:TRPX) were released by: Benzinga.com and their article: “51 Biggest Movers From Yesterday” published on September 25, 2018 as well as Benzinga.com‘s news article titled: “38 Stocks Moving In Tuesday’s Mid-Day Session” with publication date: October 02, 2018.

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