Aquinox Pharmaceuticals Inc (AQXP) Sees Significant Decrease in Short Interest
Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) was the recipient of a large decline in short interest in the month of October. As of October 13th, there was short interest totalling 573,008 shares, a decline of 20.6% from the September 29th total of 721,680 shares. Based on an average daily trading volume, of 49,508 shares, the days-to-cover ratio is presently 11.6 days. Approximately 2.5% of the company’s shares are short sold.
Aquinox Pharmaceuticals (AQXP) opened at 11.93 on Friday. Aquinox Pharmaceuticals has a 52 week low of $9.83 and a 52 week high of $19.97. The stock has a 50 day moving average price of $13.67 and a 200-day moving average price of $14.14. The firm’s market capitalization is $279.93 million.
Aquinox Pharmaceuticals (NASDAQ:AQXP) last posted its earnings results on Tuesday, August 8th. The company reported ($0.59) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.59). Analysts anticipate that Aquinox Pharmaceuticals will post ($2.15) EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Archon Partners LLC boosted its holdings in shares of Aquinox Pharmaceuticals by 44.0% during the second quarter. Archon Partners LLC now owns 18,000 shares of the company’s stock worth $253,000 after purchasing an additional 5,500 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Aquinox Pharmaceuticals by 4.7% during the second quarter. Alps Advisors Inc. now owns 21,090 shares of the company’s stock worth $297,000 after purchasing an additional 939 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Aquinox Pharmaceuticals by 16.5% during the second quarter. Bank of New York Mellon Corp now owns 23,260 shares of the company’s stock worth $327,000 after purchasing an additional 3,299 shares during the period. Sphera Funds Management LTD. purchased a new stake in shares of Aquinox Pharmaceuticals during the second quarter worth about $874,000. Finally, Northern Trust Corp boosted its holdings in shares of Aquinox Pharmaceuticals by 3.3% during the second quarter. Northern Trust Corp now owns 83,207 shares of the company’s stock worth $1,171,000 after purchasing an additional 2,691 shares during the period. Institutional investors own 95.15% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research downgraded Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine downgraded Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Canaccord Genuity set a $22.00 price objective on Aquinox Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.25.
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About Aquinox Pharmaceuticals
Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.
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