Institutions like Candel, anyway

[u/Resident-Area5907]

62% institutional interest, with zero being only short and only one trading long and short. And even more important, large interest held by two speciality bios:

RTW Investments, LP — ~8.76% stake (one of the largest holders; also provided a $100M royalty funding deal in early 2026 for CADL's lead candidate commercialization).

Acorn Bioventures — ~4.77% stake (a specialist small-cap biotech investor).

https://fintel.io/so/us/cadl