Cingulate Inc. ( NASDAQ:CING – Get Rating ) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 156,700 shares, a decline of 45.5% from the April 30th total of 287,700 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 838,400 shares, the days-to-cover ratio is presently 0.2 days. Institutional Investors Weigh In On Cingulate Several large investors have recently added to or reduced their stakes in CING.

https://www.dailypolitical.com/2023/05/27/cingulate-inc-nasdaqcing-sees-large-decrease-in-short-interest.html

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