Clene Inc.’s recent filing unveils that its Director Stevens John Henry acquired Company’s shares for reported $0.25 million on Jun 26. In the deal valued at $0.80 per share,316,455 shares were bought. As a result of this transaction, Stevens John Henry now holds 800,204 shares worth roughly $ 0.58 million.
Then, Etherington Robert Dee bought 25,000 shares, generating $20,250 in total proceeds. Upon buying the shares at $0.81, the Chief Executive Officer now owns 25,000 shares.
Before that, Mosca Alison bought 2,394,375 shares. Clene Inc. shares valued at $1,915,500 were divested by the Director at a price of $0.80 per share. As a result of the transaction, Mosca Alison now holds 3,238,375 shares, worth roughly $2.36 million.
Oppenheimer downgraded its Clene Inc. [CLNN] rating to a Perform from a an Outperform in a research note published on Friday.
Price Performance Review of CLNN
On Friday, Clene Inc. [NASDAQ:CLNN] saw its stock jump 1.53% to $0.73. On the same session, the stock had its day’s lowest price of $0.729, but rose to a high of $0.76. Over the last five days, the stock has gained 3.81%. Clene Inc. shares have fallen nearly -26.90% since the year began. Nevertheless, the stocks have fallen -75.30% over the past one year. While a 52-week high of $3.23 was reached on 02/13/23, a 52-week low of $0.63 was recorded on 08/25/23. SMA at 50 days reached $0.7579, while 200 days put it at $1.0340. A total of 0.22 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For CLNN Stock
The 24-hour chart illustrates a support level at 0.7200, which if violated will result in even more drops to 0.7090. On the upside, there is a resistance level at 0.7510. A further resistance level may holdings at 0.7710. The Relative Strength Index (RSI) on the 14-day chart is 50.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0298, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.25%. Stochastics %K at 77.17% indicates the stock is a holding.
How much short interest is there in Clene Inc.?
A steep rise in short interest was recorded in Clene Inc. stocks on Aug 14, 2023, dropping by -0.57 million shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.14 million shares. There was a decline of -99.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.51.
Clene Inc. [CLNN] – Who Are The Largest Shareholders?
In filings from Acuta Capital Partners LLC, it is revealed that the company now owns 4,240,846 shares, or roughly 5.41% of the outstanding CLNN shares.. At present, Alyeska Investment Group LP is holding 1,973,135 shares valued at $1.53 million. Citadel Advisors LLC owned 1,843,122 shares of the company at the time of its most recent 13F filing, worth $1.43 million.
According to FactSet, Clene Inc.’s share price will average $6.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 594.44 percent from its previous closing price of $0.72. Analysts expect Clene Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $4.00. However, 7 analysts have rated CLNN stock as a Buy in their predictions for 2023.