Adaptimmune Therapeutics PLC – (NASDAQ:ADAP) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,074,906 shares, a decline of 32.5% from the January 12th total of 1,592,956 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 851,458 shares, the short-interest ratio is presently 1.3 days.
Several equities analysts have weighed in on ADAP shares. TheStreet raised Adaptimmune Therapeutics from a “d” rating to a “c” rating in a report on Thursday, November 2nd. Zacks Investment Research cut Adaptimmune Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Adaptimmune Therapeutics in a report on Friday, November 10th. ValuEngine cut Adaptimmune Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub cut Adaptimmune Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.58.
Adaptimmune Therapeutics (NASDAQ ADAP) opened at $7.94 on Monday. Adaptimmune Therapeutics has a 52 week low of $3.88 and a 52 week high of $9.70. The stock has a market capitalization of $743.87, a price-to-earnings ratio of -10.45 and a beta of 1.74.
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About Adaptimmune Therapeutics
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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