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Belite Bio, Inc. Sponsored ADR (NASDAQ:BLTE) Short Interest Up 49.4% in January
Belite Bio, Inc. Sponsored ADR (NASDAQ:BLTE) saw a significant increase in short interest by 49.4% in January, reaching 585,301 shares, representing 1.8% of outstanding shares and a 2.8 days-to-cover ratio. Despite low institutional ownership at 0.53%, several investors have recently added or initiated positions. Analysts maintain a “Moderate Buy” consensus with an average target price of $179.75 for the stock, which has a market cap of $6.57 billion.