Time to Reconsider Cascadian Therapeutics Incorporated (NASDAQ:CASC) After More Short Sellers?

September 17, 2017 - By Richard Conner

 Time to Reconsider Cascadian Therapeutics Incorporated (NASDAQ:CASC) After More Short Sellers?

The stock of Cascadian Therapeutics Incorporated (NASDAQ:CASC) registered an increase of 0.24% in short interest. CASC’s total short interest was 2.29 million shares in September as published by FINRA. Its up 0.24% from 2.28M shares, reported previously. With 262,700 shares average volume, it will take short sellers 9 days to cover their CASC’s short positions. The short interest to Cascadian Therapeutics Incorporated’s float is 7.22%.

The stock increased 4.09% or $0.15 on September 15, reaching $3.82. About 847,604 shares traded or 164.62% up from the average. Cascadian Therapeutics Inc (USA) (NASDAQ:CASC) has declined 30.85% since September 17, 2016 and is downtrending. It has underperformed by 47.55% the S&P500.

Cascadian Therapeutics, Inc., formerly Oncothyreon Inc., is a clinical-stage biopharmaceutical company. The company has market cap of $193.11 million. The Firm focuses on the development of therapeutic products for the treatment of cancer. It currently has negative earnings. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor 2 inhibitor.

More notable recent Cascadian Therapeutics Inc (USA) (NASDAQ:CASC) news were published by: Globenewswire.com which released: “Cascadian Therapeutics to Report Second Quarter 2017 Financial Results on …” on August 01, 2017, also Globenewswire.com with their article: “Cascadian Therapeutics Appoints Dr. Marc L. Lesnick as Senior Vice President …” published on January 04, 2017, Seekingalpha.com published: “Cascadian Therapeutics’ (CASC) CEO Scott Myers on Q1 2017 Results – Earnings …” on May 09, 2017. More interesting news about Cascadian Therapeutics Inc (USA) (NASDAQ:CASC) were released by: Seekingalpha.com and their article: “Cascadian Therapeutics’ (CASC) CEO Scott Myers On Q2 2017 Results – Earnings …” published on August 09, 2017 as well as Globenewswire.com‘s news article titled: “Cascadian Therapeutics Announces 2017 Outlook and Recent Drug Portfolio Progress” with publication date: January 05, 2017.

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