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Imunon Stock Plunges 18.41% Amid Short Interest Surge
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 19, 2025 4:48 am ET1min read
On June 19, 2025, Imunon's stock plummeted by 18.41% in pre-market trading, signaling a dramatic shift in investor sentiment.
Imunon's stock has been under significant pressure due to a surge in short interest. As of June 18, 2025, 5.11 million shares have been shorted, representing 33.31% of the float. This high level of short interest suggests a bearish outlook among some investors, which may have contributed to the recent price decline.
Despite the short-term volatility,
continues to make 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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