<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/belite-bio-inc-logo-1200x675.png/query-dj0yMDIyMDYwMjEyMTY0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/belite-bio-inc-logo-1200x675.png/query-dj0yMDIyMDYwMjEyMTY0MA"/>Belite Bio, Inc (NASDAQ:BLTE - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,000 shares, a drop of 13.0% from the March 31st total of 39,100 shares. Based on an average daily volume of 52,300 shares, the short-interest ratio is presently 0.7 days.</p><h2>Hedge Funds Weigh In On Belite Bio</h2><p>A hedge fund recently bought a new stake in Belite Bio stock. Armistice Capital LLC purchased a new stake in Belite Bio, Inc (NASDAQ:BLTE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,000 shares of the company's stock, valued at approximately $1,647,000. Armistice Capital LLC owned about 0.13% of Belite Bio as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.53% of the company's stock. </p><h2>Belite Bio Stock Performance</h2><p>NASDAQ BLTE traded up $1.75 during trading hours on Friday, hitting $39.75. 46,599 shares of the company traded hands, compared to its average volume of 25,510. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -32.06 and a beta of -1.62. Belite Bio has a twelve month low of $11.00 and a twelve month high of $48.60. The business's 50-day moving average is $41.34 and its 200-day moving average is $41.68. </p><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTcz"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/med_generic_stock_0620108267.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="720" height="479" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/med_generic_stock_0620108267.jpg"/></p></div><div><p><b>Ad </b> Investing Daily</p><p>His win rate puts Warren Buffett to shame… </p><p>Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.</p><p>Click here now for the full story.</p></div></div></div><p>Belite Bio (NASDAQ:BLTE - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates of ($0.36) by $0.11. Analysts predict that Belite Bio will post -0.63 EPS for the current year. </p><h2>Analysts Set New Price Targets</h2><p>Separately, HC Wainwright reiterated a &#34;buy&#34; rating and issued a $59.00 price objective on shares of Belite Bio in a research note on Friday, March 22nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of &#34;Buy&#34; and an average target price of $44.83.</p><p><b>Get Our Latest Analysis on Belite Bio</b></p><h2>About Belite Bio</h2><p> (Get Free Report)</p><p>Belite Bio, Inc, a clinical stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases (STGD1). Its lead product candidate is LBS-008 (Tinlarebant), an orally administered, once-a-day tablet for maintaining the health and integrity of retinal tissues in STGD1 and GA patients.</p><h2>Read More</h2><ul><li>Five stocks we like better than Belite Bio</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Snap Crackles and Pops on Surprise Profit and Raised Guidance </li><li>3 Best Fintech Stocks for a Portfolio Boost</li><li>MarketBeat Week in Review – 4/22 - 4/26</li><li>How to Know if a Stock Pays Dividends and When They Are Paid Out</li><li>3 Stocks Leading the U.S. Agriculture Comeback</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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BLTE

NDAQ

<p>Belite Bio, Inc (NASDAQ:BLTE) saw a significant decrease in short interest in the month of April, with short interest totaling 34,000 shares, a decrease of 13.0% from the previous month. Hedge fund Armistice Capital LLC purchased a new stake in Belite Bio, Inc during the fourth quarter. Belite Bio's stock performance has been positive, with a market capitalization of $1.16 billion.</p>

Short Interest in Belite Bio, Inc (NASDAQ:BLTE) Declines By 13.0%