Tevogen Bio Holdings Inc. (NASDAQ:TVGN) Short Interest Down 21.3% in December

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 1,180,000 shares, a drop of 21.3% from the November 30th total of 1,500,000 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average trading volume of 16,290,000 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling at Tevogen Bio

In related news, insider Neal Flomenberg sold 1,078,600 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $1.62, for a total transaction of $1,747,332.00. Following the completion of the sale, the insider now owns 4,254,302 shares in the company, valued at approximately $6,891,969.24. This trade represents a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 56.60% of the company’s stock.

Hedge Funds Weigh In On Tevogen Bio

A hedge fund recently bought a new stake in Tevogen Bio stock. HGC Investment Management Inc. acquired a new stake in shares of Tevogen Bio Holdings Inc. (NASDAQ:TVGN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 223,077 shares of the company’s stock, valued at approximately $82,000. HGC Investment Management Inc. owned about 0.13% of Tevogen Bio as of its most recent SEC filing.

Tevogen Bio Stock Up 1.9 %

Shares of TVGN opened at $1.05 on Tuesday. Tevogen Bio has a 1 year low of $0.26 and a 1 year high of $21.09. The company has a 50 day simple moving average of $1.47 and a two-hundred day simple moving average of $0.93.

Tevogen Bio Company Profile

Tevogen Bio Holdings Inc operates as a clinical-stage specialty immunotherapy company that develops off-the-shelf precision T cell therapies for the treatment of infectious diseases, cancers, and neurological disorders. The company develops TVGN 489, which has completed Phase 1 clinical trial for the treatment and prevention of chronic lingering symptoms of the disease (Long COVID), as well as COVID-19 in B cell immune suppressed acute COVID-19 patients without a B cell cancer indication, elderly and infirm acute COVID-19 patients, and acute COVID-19 in patients on T cell suppressing drugs, including solid organ transplant patients.