AVEO Pharmaceuticals, Inc. (AVEO) Short Interest Update
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 6,805,914 shares, a decline of 15.4% from the November 15th total of 8,047,193 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,479,580 shares, the short-interest ratio is currently 4.6 days.
A number of brokerages have recently issued reports on AVEO. began coverage on AVEO Pharmaceuticals in a research note on Wednesday, November 15th. They issued a “buy” rating and a $5.00 price objective on the stock. B. Riley began coverage on AVEO Pharmaceuticals in a research note on Monday, November 13th. They issued a “buy” rating and a $5.00 price objective on the stock. Seaport Global Securities reissued a “buy” rating on shares of AVEO Pharmaceuticals in a research note on Friday, October 6th. Piper Jaffray Companies boosted their price objective on AVEO Pharmaceuticals from $3.80 to $4.50 and gave the company an “overweight” rating in a research note on Monday, August 28th. Finally, Zacks Investment Research downgraded AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. AVEO Pharmaceuticals presently has an average rating of “Buy” and an average price target of $4.05.
AVEO Pharmaceuticals (NASDAQ:AVEO) opened at $2.93 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of -0.32. AVEO Pharmaceuticals has a 52 week low of $0.50 and a 52 week high of $4.24.
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AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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