Allarity Therapeutics, Inc. ALLR shares are volatile and trading on heavy volume. The company effected a reverse stock split after the close of market hours on Wednesday.
What To Know:
On Wednesday, Allarity announced details for the company's 40-to-1 reverse stock split which became effective at 4:05 p.m. EST Wednesday.
According to data from Benzinga Pro, more than 610 thousand shares have been traded Thursday, compared to the stock's 100-day average of 98.4 thousand. ALLR stock is also attracting the attention of short sellers with more than 37% of available shares currently being sold short.
ALLR is seeing increased interest among retail traders Thursday. It was among the top trending tickers on stocktwits at last check.
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ALLR Price Action: According to Benzinga Pro, Allarity shares are trading 0.38% higher at $8.03 at the time of publication.
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