Aerie Pharmaceuticals Short Interest Down 25.9% in June (AERI)
Shares of Aerie Pharmaceuticals (NASDAQ:AERI) were the target of a significant decline in short interest in the month of June. As of June 13th, there was short interest totalling 432,812 shares, a decline of 25.9% from the May 30th total of 584,343 shares, American Banking News.com reports. Based on an average trading volume of 178,623 shares, the days-to-cover ratio is currently 2.4 days. Currently, 5.0% of the shares of the stock are sold short.
AERI has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Aerie Pharmaceuticals from $27.00 to $36.00 in a research note on Thursday, June 26th. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Aerie Pharmaceuticals from $26.00 to $37.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock.
Aerie Pharmaceuticals (NASDAQ:AERI) opened at 23.99 on Thursday. Aerie Pharmaceuticals has a 52 week low of $10.25 and a 52 week high of $29.71. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $18.65. The company’s market cap is $562.3 million.
Aerie Pharmaceuticals (NASDAQ:AERI) last released its earnings data on Monday, May 12th. The company reported ($0.28) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.35) by $0.07. Analysts expect that Aerie Pharmaceuticals will post $-1.49 EPS for the current fiscal year.
Aerie Pharmaceuticals, Inc is a United States-based company. The Company is a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of therapies for the treatment of patients with glaucoma and other diseases of the eye.
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