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Belite Bio's short interest plummeted 45% in December amid mixed analyst outlooks and ongoing clinical development.
Belite Bio (BLTE) saw short interest drop 45.2% in December, falling to 294,199 shares, with a days-to-cover ratio of 0.8.
The stock opened at $154.93, with a market cap of $5.81 billion and a negative P/E of -80.69.
The company reported $0.95 EPS for the quarter, but analysts project a $1.17 loss for the full year.
A consensus "Moderate Buy" rating and $175.33 average price target reflect mixed analyst views, including "Overweight" from Cantor Fitzgerald and "Sell" from BTIG.
The clinical-stage biotech focuses on metabolic and inflammatory diseases with multiple candidates in early development.
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El interés en corto de Belite Bio se desplomó un 45% en diciembre en medio de perspectivas mixtas de analistas y desarrollo clínico en curso.