Immix Biopharma, Inc. (NASDAQ:IMMX) Sees Significant Increase in Short Interest

Immix Biopharma, Inc. (NASDAQ:IMMX - Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 473,100 shares, an increase of 39.7% from the May 31st total of 338,700 shares. Based on an average daily trading volume, of 131,400 shares, the short-interest ratio is currently 3.6 days. Currently, 3.1% of the company's shares are short sold.Get Immix Biopharma alerts:Wall Street Analyst Weigh InSeparately, HC Wainwright initiated coverage on Immix Biopharma in a report on Monday. They issued a "buy" rating and a $7.00 price objective on the stock.View Our Latest Analysis on Immix BiopharmaImmix Biopharma Trading Up 7.1 %IMMX traded up $0.14 during trading hours on Monday, hitting $2.12. 109,687 shares of the company's stock were exchanged, compared to its average volume of 209,798. Immix Biopharma has a 12-month low of $1.55 and a 12-month high of $7.75. The firm has a market cap of $55.99 million, a P/E ratio of -2.28 and a beta of 0.17. The firm has a 50 day moving average of $2.16 and a 200 day moving average of $3.42. Immix Biopharma (NASDAQ:IMMX - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. As a group, research analysts expect that Immix Biopharma will post -0.93 EPS for the current fiscal year. Institutional Investors Weigh In On Immix BiopharmaA number of hedge funds have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. raised its holdings in Immix Biopharma by 89.0% in the first quarter. Tocqueville Asset Management L.P. now owns 37,800 shares of the company's stock valued at $116,000 after acquiring an additional 17,800 shares in the last quarter. Tritonpoint Wealth LLC acquired a new stake in shares of Immix Biopharma in the 1st quarter valued at $75,000. Jump Financial LLC purchased a new stake in shares of Immix Biopharma during the 4th quarter worth $128,000. Private Advisor Group LLC acquired a new position in shares of Immix Biopharma during the fourth quarter worth $690,000. Finally, OLD National Bancorp IN purchased a new position in Immix Biopharma in the fourth quarter valued at $69,000. Institutional investors and hedge funds own 11.26% of the company's stock. Immix Biopharma Company Profile (Get Free Report)Immix Biopharma, Inc, a clinical-stage biopharmaceutical company, engages in developing tissue-specific therapeutics in oncology and inflammation in the United States and Australia. The company is developing IMX-110 that is in Phase 1b/2a clinical trials for the treatment of soft tissue sarcoma and solid tumors; IMX-111, a tissue-specific biologic for the treatment of colorectal cancers; and IMX-120, a tissue-specific biologic for the treatment of ulcerative colitis and severe Crohn's disease.Featured StoriesFive stocks we like better than Immix BiopharmaShort Selling: How to Short a StockThese Top 3 Banks Raise Dividends After Passing Fed Stress TestWhy Special Dividends Can be a Delightful Surprise for Income InvestorsHitch a Ride with Lyft Stock for Double-Digit Gains in 2nd HalfWhat is the NASDAQ Stock Exchange?Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea MarketThis 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. Please send any questions or comments about this story to contact@marketbeat.com.→ Elon’s Next IPO Could be Bigger than Tesla (From Paradigm Press) (Ad)Should you invest $1,000 in Immix Biopharma right now?Before you consider Immix Biopharma, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Immix Biopharma wasn't on the list.While Immix Biopharma currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here