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Ascentage Pharma shares fell 5.5% amid near-zero short interest and strong analyst support.
Ascentage Pharma (NASDAQ:AAPG) shares dipped to $27.70 on Monday, down 5.5%, on low trading volume, following a sharp decline in short interest—down 84.2% to 254 shares by December 15, with no shares short sold.
The stock traded at $27.88 on Wednesday, with analysts maintaining a "Buy" rating and a $48.50 target.
The company, developing cancer therapies like APG-2575 and APG-115, has a debt-to-equity ratio of 1.31 and strong liquidity ratios.
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Las acciones de Ascentage Pharma cayeron un 5,5% en medio de un interés a corto casi nulo y un fuerte apoyo de los analistas.