Oncolytics Biotech, Inc. (NASDAQ:ONCY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 599,600 shares, a growth of 245.6% from the July 31st total of 173,500 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average trading volume of 153,100 shares, the short-interest ratio is presently 3.9 days.

NASDAQ:ONCY remained flat at $$0.71 during trading hours on Wednesday. The company had a trading volume of 131,674 shares, compared to its average volume of 120,771. The firm has a market capitalization of $17.73 million, a P/E ratio of -0.87 and a beta of 2.23. Oncolytics Biotech has a 1-year low of $0.53 and a 1-year high of $5.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.21 and a quick ratio of 3.21. The firm has a fifty day moving average of $0.88 and a 200 day moving average of $1.58.

Oncolytics Biotech (NASDAQ:ONCY) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.19) EPS for the quarter. On average, equities research analysts forecast that Oncolytics Biotech will post -0.92 EPS for the current year.

A number of research firms recently commented on ONCY. Zacks Investment Research lowered shares of Oncolytics Biotech from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Roth Capital started coverage on shares of Oncolytics Biotech in a report on Wednesday, September 4th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, ValuEngine lowered shares of Oncolytics Biotech from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $4.50.

An institutional investor recently bought a new position in Oncolytics Biotech stock. Verition Fund Management LLC bought a new position in shares of Oncolytics Biotech, Inc. (NASDAQ:ONCY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 408,838 shares of the company’s stock, valued at approximately $695,000. Verition Fund Management LLC owned approximately 2.01% of Oncolytics Biotech as of its most recent filing with the SEC. Institutional investors own 2.32% of the company’s stock.

Oncolytics Biotech Company Profile

Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.

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