Is Buying Madrigal Pharmaceuticals Inc (NASDAQ:MDGL), Having Higher Short Interest a Winning Strategy?

May 10, 2018 - By marketbeat

The stock of Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) registered an increase of 50.03% in short interest. MDGL’s total short interest was 1.26 million shares in May as published by FINRA. Its up 50.03% from 838,300 shares, reported previously. With 362,600 shares average volume, it will take short sellers 4 days to cover their MDGL’s short positions. The short interest to Madrigal Pharmaceuticals Inc’s float is 21.3%.

The stock decreased 3.92% or $4.62 during the last trading session, reaching $113.25. About 163,775 shares traded. Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) has risen 574.52% since May 10, 2017 and is uptrending. It has outperformed by 562.97% the S&P500.

Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. The company has market cap of $1.61 billion. The company’s lead candidate is MGL-3196, which is in Phase II clinical trials, a liver-directed thyroid hormone receptor-ß agonist used for the treatment of nonalcoholic fatty liver disease, nonalcoholic steatohepatitis, and familial hypercholesterolemia. It currently has negative earnings. It is also developing MGL-3745, which is in pre-clinical stage, a THR-ß agonist that is in preclinical trials.

More recent Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) news were published by: Seekingalpha.com which released: “Lucky Seven: An Introduction To My Top Biotechnology Picks” on May 03, 2018. Also Nasdaq.com published the news titled: “Madrigal Pharmaceuticals Reports 2018 First Quarter Financial Results and Reviews Key Clinical Achievements” on May 08, 2018. Benzinga.com‘s news article titled: “William Blair Initiates Viking With An Outperform Rating After Competitor Proves Strategy” with publication date: April 30, 2018 was also an interesting one.

Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) Ratings Chart

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