Short Interest in Cibus, Inc. (NASDAQ:CBUS) Grows By 5.4%

Cibus, Inc. (NASDAQ:CBUS) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,950,000 shares, an increase of 5.4% from the October 31st total of 1,850,000 shares. Based on an average daily trading volume, of 211,500 shares, the short-interest ratio is currently 9.2 days. Approximately 10.5% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms recently commented on CBUS. Canaccord Genuity Group restated a “buy” rating and issued a $20.00 price objective on shares of Cibus in a research report on Tuesday, October 22nd. Alliance Global Partners lowered their price objective on shares of Cibus from $25.00 to $23.50 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 target price on shares of Cibus in a report on Monday, November 11th.

Cibus Trading Down 7.7 %

CBUS stock opened at $4.05 on Thursday. The stock has a 50-day moving average price of $4.02 and a two-hundred day moving average price of $7.18. The stock has a market cap of $107.15 million, a PE ratio of -0.18 and a beta of 1.86. Cibus has a 1 year low of $2.86 and a 1 year high of $23.18.

Hedge Funds Weigh In On Cibus

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Cibus by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 721,945 shares of the company’s stock worth $16,215,000 after buying an additional 26,017 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Cibus during the 2nd quarter worth about $529,000. Rhumbline Advisers acquired a new position in shares of Cibus during the 2nd quarter worth about $221,000. FineMark National Bank & Trust boosted its stake in shares of Cibus by 24.3% during the 2nd quarter. FineMark National Bank & Trust now owns 20,488 shares of the company’s stock worth $202,000 after buying an additional 4,000 shares during the last quarter. Finally, Old West Investment Management LLC boosted its stake in shares of Cibus by 3.6% during the 2nd quarter. Old West Investment Management LLC now owns 53,247 shares of the company’s stock worth $524,000 after buying an additional 1,868 shares during the last quarter. Institutional investors own 33.81% of the company’s stock.

About Cibus

Cibus, Inc, a agricultural biotechnology company, develops and licenses plant traits to seed companies for royalties. The company primarily focus on trait productivity in two areas, including productivity traits that enable farmers to have higher yields and reduce the use of the crop protection chemicals and fertilizers; and sustainable ingredients that enable corporations to replace ingredients that are fossil fuel based or whose production results in increased greenhouse gases.