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CervoMed's 15-min chart shows MACD Death Cross and Bearish Marubozu signals.
ByAinvest
Monday, Jul 7, 2025 2:44 pm ET1min read
CervoMed's 15-minute chart recently exhibited a MACD Death Cross, accompanied by a Bearish Marubozu on July 7, 2025 at 14:30. This indicator suggests that the stock price is likely to continue its downward trajectory, with sellers dominating the market. Furthermore, the bearish momentum is anticipated to persist.
CervoMed (CRVO) has experienced a significant increase in short interest, with 2.59 million shares sold short as of December 15, 2024, representing 48.41% of the float [1]. This marks a 34.90% increase from the previous month, indicating a growing pessimism among investors.The short interest ratio (days to cover) for CRVO is 6.9, suggesting it would take 6.9 days of average trading volume (267,970 shares) to cover all short positions [1]. This ratio is above the typical range of 1 to 4, indicating strong pessimism about the stock [1].
Technical indicators also point to a bearish trend. On July 7, 2025, at 14:30, CervoMed's 15-minute chart exhibited a MACD Death Cross, accompanied by a Bearish Marubozu candle. This combination suggests that the stock price is likely to continue its downward trajectory, with sellers dominating the market [2].
CervoMed's short interest is notably higher compared to its competitors in the pharmaceutical products industry. For instance, Dyadic International, Inc. has a short interest of 0.76%, while Omega Therapeutics, Inc. has 28.30% [1]. The high short interest ratio and percentage suggest that investors are betting against CervoMed's stock price.
A short squeeze could exacerbate the downward pressure on CRVO's stock price. If the stock price increases significantly, short sellers may be forced to cover their positions by buying shares, driving the price up even further.
Short interest data is typically published by NASDAQ twice per month, with the most recent report available for December 15, 2024 [1]. Investors should monitor these reports closely to gauge the sentiment and potential risks associated with CervoMed's stock.
References:
[1] https://www.marketbeat.com/stocks/NASDAQ/CRVO/short-interest/
[2] MarketBeat All Access
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