Anteris Technologies Global Corp. (NASDAQ:AVR) Short Interest Up 39.7% in January

Anteris Technologies Global Corp. (NASDAQ:AVR) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 2,240,924 shares, a growth of 39.7% from the January 15th total of 1,604,609 shares. Based on an average daily trading volume, of 3,395,606 shares, the short-interest ratio is presently 0.7 days. Currently, 5.7% of the company’s stock are sold short. Currently, 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,395,606 shares, the short-interest ratio is presently 0.7 days.

Insiders Place Their Bets

In other news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of Anteris Technologies Global stock in a transaction on Thursday, January 22nd. The stock was purchased at an average price of $5.75 per share, with a total value of $28,750,000.00. Following the completion of the purchase, the insider owned 13,219,814 shares of the company’s stock, valued at approximately $76,013,930.50. The trade was a 60.83% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. L1 Capital Pty Ltd grew its position in shares of Anteris Technologies Global by 143.2% during the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock valued at $30,772,000 after acquiring an additional 4,026,136 shares during the period. Nantahala Capital Management LLC grew its holdings in Anteris Technologies Global by 31.9% during the fourth quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock valued at $12,629,000 after purchasing an additional 612,244 shares during the period. JPMorgan Chase & Co. grew its holdings in Anteris Technologies Global by 32.7% during the third quarter. JPMorgan Chase & Co. now owns 1,417,627 shares of the company’s stock valued at $6,379,000 after purchasing an additional 349,299 shares during the period. Geode Capital Management LLC increased its position in Anteris Technologies Global by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 796,069 shares of the company’s stock worth $3,973,000 after buying an additional 47,119 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Anteris Technologies Global by 85.1% in the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after buying an additional 342,711 shares during the period.

Anteris Technologies Global Trading Up 0.5%

NASDAQ AVR opened at $5.71 on Tuesday. The business’s fifty day moving average is $5.37 and its 200-day moving average is $4.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a market capitalization of $235.25 million, a price-to-earnings ratio of -3.15 and a beta of 1.29. Anteris Technologies Global has a one year low of $2.34 and a one year high of $8.79.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AVR shares. Lake Street Capital restated a “buy” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Anteris Technologies Global Company Profile

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.