What's Going On With Allarity Therapeutics (ALLR) Stock?

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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