Short Interest in Gamida Cell Ltd. (NASDAQ:GMDA) Grows By 9.8%

Gamida Cell Ltd. (NASDAQ:GMDAGet Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 10,960,000 shares, an increase of 9.8% from the February 29th total of 9,980,000 shares. Based on an average daily trading volume, of 3,020,000 shares, the short-interest ratio is presently 3.6 days.

Analysts Set New Price Targets

A number of equities analysts have commented on GMDA shares. JMP Securities reaffirmed a “market perform” rating on shares of Gamida Cell in a report on Monday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of Gamida Cell in a research report on Tuesday, December 5th.

View Our Latest Analysis on Gamida Cell

Institutional Trading of Gamida Cell

A number of large investors have recently modified their holdings of GMDA. Bank of America Corp DE grew its position in Gamida Cell by 539.0% in the 1st quarter. Bank of America Corp DE now owns 15,214 shares of the company’s stock worth $63,000 after purchasing an additional 12,833 shares during the last quarter. Lazard Asset Management LLC bought a new position in Gamida Cell in the 2nd quarter worth approximately $30,000. Virtu Financial LLC acquired a new stake in Gamida Cell in the 2nd quarter valued at approximately $36,000. Cubist Systematic Strategies LLC bought a new stake in Gamida Cell during the 2nd quarter valued at $42,000. Finally, Osaic Holdings Inc. raised its stake in shares of Gamida Cell by 698.7% during the second quarter. Osaic Holdings Inc. now owns 24,281 shares of the company’s stock valued at $47,000 after purchasing an additional 21,241 shares in the last quarter. Institutional investors and hedge funds own 50.34% of the company’s stock.

Gamida Cell Stock Performance

NASDAQ GMDA traded up $0.01 during trading hours on Tuesday, hitting $0.05. The company had a trading volume of 83,621,158 shares, compared to its average volume of 8,233,934. The company has a quick ratio of 2.09, a current ratio of 2.16 and a debt-to-equity ratio of 213.14. The firm has a market cap of $4.81 million, a P/E ratio of -0.06 and a beta of 0.94. Gamida Cell has a fifty-two week low of $0.03 and a fifty-two week high of $2.51. The business has a fifty day simple moving average of $0.34 and a 200-day simple moving average of $0.49.

Gamida Cell Company Profile

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Gamida Cell Ltd., a clinical-stage biopharmaceutical company, develops cell therapies to cure blood cancers and serious blood diseases. The company's lead product candidate is omidubicel, a cell therapy that has completed Phase III clinical trial in patients with hematologic malignancies, as well as in Phase II clinical trials in patients with severe aplastic anemia.

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