Axovant Sciences Ltd (AXON) Sees Large Decrease in Short Interest
Axovant Sciences Ltd (NASDAQ:AXON) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,010,456 shares, a drop of 31.3% from the November 15th total of 4,379,298 shares. Approximately 9.4% of the company’s stock are sold short. Based on an average daily volume of 745,858 shares, the short-interest ratio is currently 4.0 days.
Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA purchased a new stake in Axovant Sciences during the 2nd quarter valued at $1,408,000. Lord Abbett & CO. LLC purchased a new stake in Axovant Sciences during the 2nd quarter valued at $696,000. Bank of New York Mellon Corp raised its stake in Axovant Sciences by 27.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 102,664 shares of the biotechnology company’s stock valued at $2,380,000 after buying an additional 21,801 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Axovant Sciences during the 2nd quarter valued at $47,854,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Axovant Sciences during the 2nd quarter valued at $375,000. Institutional investors and hedge funds own 96.93% of the company’s stock.
Shares of Axovant Sciences (AXON) opened at $5.45 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.94 and a quick ratio of 5.94. Axovant Sciences has a 12 month low of $4.60 and a 12 month high of $27.98.
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Axovant Sciences Company Profile
Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.
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