Atossa Therapeutics, Inc. (NASDAQ:ATOS) Sees Large Decrease in Short Interest
Atossa Therapeutics, Inc. (NASDAQ:ATOS) experienced a significant 29.3% decrease in short interest in December, dropping to 8,200,000 shares from 11,600,000 shares in November. The current short-interest ratio is 11.6 days based on an average daily volume of 705,500 shares. Analysts have mixed views, with HC Wainwright and Ascendiant Capital maintaining a "buy" rating and a target price of $7.00, while StockNews.com downgraded the stock to "sell." Atossa's stock opened at $0.98, with a market cap of $123.42 million and a P/E ratio of -4.46.
Atossa Therapeutics, Inc. (NASDAQ:ATOS - Get Free Report) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 8,200,000 shares, a decline of 29.3% from the November 30th total of 11,600,000 shares. Based on an average daily trading volume, of 705,500 shares, the short-interest ratio is presently 11.6 days.
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Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ATOS shares. HC Wainwright reaffirmed a "buy" rating and issued a $7.00 target price on shares of Atossa Therapeutics in a report on Thursday, December 12th. Ascendiant Capital Markets upped their target price on shares of Atossa Therapeutics from $6.50 to $7.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, StockNews.com downgraded Atossa Therapeutics from a "hold" rating to a "sell" rating in a research note on Monday, November 18th.
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Atossa Therapeutics Stock Down 7.4 %
Shares of Atossa Therapeutics stock opened at $0.98 on Friday. The firm has a market cap of $123.42 million, a price-to-earnings ratio of -4.46 and a beta of 1.21. Atossa Therapeutics has a 52-week low of $0.77 and a 52-week high of $2.31. The company's 50-day simple moving average is $1.27 and its 200-day simple moving average is $1.31.
Institutional Trading of Atossa Therapeutics
A number of institutional investors have recently modified their holdings of ATOS. XTX Topco Ltd acquired a new stake in shares of Atossa Therapeutics during the 2nd quarter worth about $29,000. Intech Investment Management LLC purchased a new position in shares of Atossa Therapeutics in the 3rd quarter worth about $29,000. SG Americas Securities LLC grew its stake in Atossa Therapeutics by 254.3% during the third quarter. SG Americas Securities LLC now owns 41,849 shares of the company's stock worth $64,000 after buying an additional 30,037 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Atossa Therapeutics in the third quarter valued at about $75,000. Finally, Rhumbline Advisers acquired a new position in shares of Atossa Therapeutics during the second quarter worth about $161,000. 12.74% of the stock is currently owned by hedge funds and other institutional investors.
Atossa Therapeutics Company Profile
(Get Free Report)Atossa Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops medicines in the areas of unmet medical need in oncology for women breast cancer and other conditions in the United States. The company's lead drug candidate is oral (Z)-endoxifen, an active metabolite of tamoxifen, which is in Phase II clinical trials to treat and prevent breast cancer.
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