Birchview Capital LP Has $1.26 Million Stake in ContraFect Corporation (CFRX)
Birchview Capital LP raised its stake in ContraFect Corporation (NASDAQ:CFRX) by 56.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,135,082 shares of the biotechnology company’s stock after acquiring an additional 410,000 shares during the quarter. ContraFect Corporation makes up 0.7% of Birchview Capital LP’s portfolio, making the stock its 11th biggest holding. Birchview Capital LP owned approximately 1.54% of ContraFect Corporation worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, White Pine Capital LLC raised its holdings in shares of ContraFect Corporation by 0.3% in the second quarter. White Pine Capital LLC now owns 253,870 shares of the biotechnology company’s stock worth $368,000 after acquiring an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 24.45% of the company’s stock.
Shares of ContraFect Corporation (NASDAQ:CFRX) traded down $0.01 during trading hours on Wednesday, hitting $1.01. The stock had a trading volume of 66,945 shares, compared to its average volume of 52,783. ContraFect Corporation has a twelve month low of $0.80 and a twelve month high of $2.70.
ContraFect Corporation (NASDAQ:CFRX) last released its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. analysts expect that ContraFect Corporation will post -0.43 EPS for the current year.
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About ContraFect Corporation
ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that completed Phase 1 human clinical trials for the treatment of Staph aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible Staph aureus; and CF-404, a combination of human monoclonal antibodies (mAbs) for the treatment of life-threatening seasonal and pandemic varieties of human influenza.
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