Short Interest in Lyell Immunopharma, Inc. (NASDAQ:LYEL) Expands By 71.6%

Lyell Immunopharma, Inc. (NASDAQ:LYEL - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 9,710,000 shares, an increase of 71.6% from the April 30th total of 5,660,000 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily volume of 770,900 shares, the short-interest ratio is presently 12.6 days.

Analyst Ratings Changes

Separately, HC Wainwright reissued a "neutral" rating and set a $1.00 price target on shares of Lyell Immunopharma in a report on Wednesday, April 16th.

Check Out Our Latest Report on Lyell Immunopharma

Lyell Immunopharma Trading Up 1.9%

LYEL traded up $0.01 on Friday, reaching $0.41. The company had a trading volume of 865,368 shares, compared to its average volume of 1,034,945. The company has a fifty day moving average of $0.44 and a 200-day moving average of $0.61. The company has a market capitalization of $120.88 million, a P/E ratio of -0.52 and a beta of -0.25. Lyell Immunopharma has a one year low of $0.39 and a one year high of $2.80.

Lyell Immunopharma (NASDAQ:LYEL - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.01. The firm had revenue of $0.01 million during the quarter. Lyell Immunopharma had a negative net margin of 323,792.09% and a negative return on equity of 34.64%. Research analysts predict that Lyell Immunopharma will post -0.78 EPS for the current year.

Insider Buying and Selling at Lyell Immunopharma

In other news, CEO Lynn Seely purchased 175,000 shares of Lyell Immunopharma stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $0.61 per share, with a total value of $106,750.00. Following the completion of the acquisition, the chief executive officer now owns 712,500 shares in the company, valued at $434,625. The trade was a 32.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sumant Ramachandra purchased 200,000 shares of Lyell Immunopharma stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $0.58 per share, with a total value of $116,000.00. Following the acquisition, the director now owns 200,000 shares of the company's stock, valued at approximately $116,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 768,640 shares of company stock worth $449,508 over the last 90 days. Insiders own 25.10% of the company's stock.

Hedge Funds Weigh In On Lyell Immunopharma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Graham Capital Management L.P. bought a new position in Lyell Immunopharma in the 4th quarter valued at about $33,000. RPO LLC acquired a new stake in Lyell Immunopharma in the 4th quarter valued at about $42,000. Wells Fargo & Company MN lifted its holdings in Lyell Immunopharma by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 94,320 shares of the company's stock valued at $60,000 after acquiring an additional 20,542 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Lyell Immunopharma in the 4th quarter valued at about $64,000. Finally, SG Americas Securities LLC lifted its holdings in Lyell Immunopharma by 102.8% in the 4th quarter. SG Americas Securities LLC now owns 116,748 shares of the company's stock valued at $75,000 after acquiring an additional 59,182 shares during the last quarter. Institutional investors own 66.05% of the company's stock.

Lyell Immunopharma Company Profile

Lyell Immunopharma, Inc, a clinical-stage cell therapy company, develops T cell reprogramming technologies for patients with solid tumors. The company develops therapies using an ex vivo genetic reprogramming technologies, such as c Jun overexpression and NR4A3 gene knockout, to endow resistance to T cell exhaustion; and an ex vivo epigenetic reprogramming technologies, including Epi R to generate population of T cells with durable stemness, and Stim R, a proprietary synthetic cell mimetic.

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