Agile Therapeutics Inc (AGRX) Sees Significant Increase in Short Interest

Agile Therapeutics Inc (NASDAQ:AGRX) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,529,877 shares, an increase of 124.2% from the October 15th total of 1,128,282 shares. Currently, 10.6% of the company’s shares are sold short. Based on an average daily volume of 4,351,706 shares, the short-interest ratio is presently 0.6 days.

Agile Therapeutics stock opened at $1.00 on Friday. Agile Therapeutics has a fifty-two week low of $0.23 and a fifty-two week high of $5.33. The company has a market cap of $33.08 million, a PE ratio of -1.10 and a beta of -0.95.

Agile Therapeutics (NASDAQ:AGRX) last posted its quarterly earnings results on Thursday, November 1st. The specialty pharmaceutical company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. On average, sell-side analysts expect that Agile Therapeutics will post -0.6 EPS for the current fiscal year.

AGRX has been the subject of several analyst reports. ValuEngine raised shares of Agile Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. HC Wainwright set a $4.00 price objective on shares of Agile Therapeutics and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $4.00.

Several institutional investors have recently bought and sold shares of the company. Fosun International Ltd bought a new stake in shares of Agile Therapeutics during the third quarter valued at approximately $180,000. Renaissance Technologies LLC raised its stake in shares of Agile Therapeutics by 76.3% during the second quarter. Renaissance Technologies LLC now owns 792,990 shares of the specialty pharmaceutical company’s stock valued at $392,000 after acquiring an additional 343,290 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Agile Therapeutics by 62.8% during the first quarter. Dimensional Fund Advisors LP now owns 145,070 shares of the specialty pharmaceutical company’s stock valued at $373,000 after acquiring an additional 55,937 shares in the last quarter. 51.92% of the stock is owned by hedge funds and other institutional investors.

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Agile Therapeutics Company Profile

Agile Therapeutics, Inc, a women's healthcare company, focuses on the development and commercialization of prescription contraceptive products for women. Its lead product candidate is Twirla, also known as AG200-15, a once-weekly prescription combination hormonal contraceptive patch, which completed Phase III clinical trials.

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