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Galmed Pharmaceuticals sees rise in short interest despite Phase III trials progress for liver disease treatment.
Galmed Pharmaceuticals, a biopharmaceutical company developing treatments for liver diseases, saw a 31% rise in short interest in November, with 22,800 shares sold short.
The company's stock price rose to $2.97 on November 30th, though it has fallen below its 200-day moving average.
StockNews.com initiated coverage with a "sell" rating.
Galmed is currently in Phase III trials for Aramchol, an oral therapy for non-alcoholic steato-hepatitis (NASH).
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Galmed Pharmaceuticals ve un aumento en el interés corto a pesar de la fase III de los ensayos de progreso para el tratamiento de enfermedades hepáticas.