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Imunon Plunges 13.45% Amid Surge in Short Interest
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Jun 18, 2025 8:46 am ET1min read
On June 18, 2025, Imunon's stock experienced a significant drop of 13.45% in pre-market trading, reflecting a notable shift in investor sentiment.
Imunon's short interest has surged, with 5.11 million shares shorted, representing 33.31% of the float. This high level of short interest indicates a bearish outlook among some investors, potentially contributing to the recent price decline.
Despite the short-term volatility,
is making progress in its clinical trials. The company has initiated the pivotal Phase 3 OVATION 3 Study of IMNN-001, focusing on the treatment of advanced ovarian cancer. Additionally, Imunon's PlaCCine DNA vaccine technology has shown promising results in a Phase 1 trial, demonstrating safety and efficacy against the Omicron XBB1.5 variant of COVID-19.Looking ahead, Imunon is scheduled to report its Q2 2025 earnings on August 13, 2025. This earnings report will be crucial for investors to assess the company's financial health and future prospects, potentially influencing the stock's performance in the coming months.
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