Novus Therapeutics, Inc. (NVUS) Reaches $3.18 52 Week Low; Wipro Limited (WIT) SI Decreased By 6.71%

February 15, 2018 - By Hazel Jackson

Wipro Limited (NYSE:WIT) had a decrease of 6.71% in short interest. WIT’s SI was 29.18 million shares in February as released by FINRA. Its down 6.71% from 31.28 million shares previously. With 1.51 million avg volume, 19 days are for Wipro Limited (NYSE:WIT)’s short sellers to cover WIT’s short positions. The SI to Wipro Limited’s float is 4.98%. It closed at $5.48 lastly. It is down 11.96% since February 15, 2017 and is downtrending. It has underperformed by 28.66% the S&P500.

The stock of Novus Therapeutics, Inc. (NASDAQ:NVUS) hit a new 52-week low and has $3.05 target or 4.00% below today’s $3.18 share price. The 7 months bearish chart indicates high risk for the $22.53 million company. The 1-year low was reported on Feb, 15 by Barchart.com. If the $3.05 price target is reached, the company will be worth $901,280 less. The stock decreased 2.15% or $0.07 during the last trading session, reaching $3.18. About 2,192 shares traded. Novus Therapeutics, Inc. (NASDAQ:NVUS) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Novus Therapeutics, Inc., a pharmaceutical company, focuses on the acquisition, development, and commercialization of ear, nose, and throat products. The company has market cap of $22.53 million. The Company’s lead product is a nasally-administered combination drug product intended to address the underlying cause of otitis media and Eustachian tube dysfunction (OM/ETD) conditions. It currently has negative earnings. The firm also has a foam drug delivery technology platform (OP-01) that could be used to deliver drugs into the ear, nose, and sinus cavities.

Wipro Limited operates as an information technology , consulting, and business process services firm worldwide. The company has market cap of $20.63 billion. The companyÂ’s IT Services segment provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, business process services, research and development, and hardware and software design services to enterprises. It has a 20 P/E ratio. This segment serves clients in various industry verticals comprising banking, financial services, and insurance; healthcare and life sciences; consumer business units; energy, natural resources, and utilities; manufacturing and technology; and communications.

Among 11 analysts covering Wipro Limited (NYSE:WIT), 1 have Buy rating, 7 Sell and 3 Hold. Therefore 9% are positive. Wipro Limited had 13 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Reduce” rating by Nomura on Monday, October 24. The firm earned “Outperform” rating on Friday, July 7 by CLSA. Wedbush initiated it with “Underperform” rating and $8.50 target in Friday, September 9 report. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, February 11. The stock of Wipro Limited (NYSE:WIT) earned “Neutral” rating by Bank of America on Friday, July 21. Jefferies downgraded the shares of WIT in report on Wednesday, June 7 to “Underperform” rating. CLSA upgraded Wipro Limited (NYSE:WIT) on Friday, January 6 to “Buy” rating. Zacks downgraded the stock to “Hold” rating in Wednesday, August 5 report. HSBC downgraded the shares of WIT in report on Tuesday, August 9 to “Reduce” rating. The rating was downgraded by Credit Suisse on Monday, January 22 to “Sell”.

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