Short Interest in Anteris Technologies Global Corp. (NASDAQ:AVR) Expands By 39.7%

Anteris Technologies Global Corp. (NASDAQ:AVR) was the recipient of a large growth in short interest in the month of 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 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 volume of 3,395,606 shares, the short-interest ratio is presently 0.7 days.

Insider Activity

In related news, major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were acquired at an average price of $5.75 per share, with a total value of $28,750,000.00. Following the transaction, the insider owned 13,219,814 shares of the company’s stock, valued at $76,013,930.50. The trade was a 60.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Anteris Technologies Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Anteris Technologies Global by 76.9% during the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Anteris Technologies Global during the 1st quarter worth $32,000. BNP Paribas Financial Markets grew its position in shares of Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after purchasing an additional 4,302 shares during the last quarter. Bank of America Corp DE increased its position in Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Anteris Technologies Global in the 2nd quarter valued at about $49,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Lake Street Capital restated a “buy” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, January 23rd. One research 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 company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Anteris Technologies Global Trading Up 0.5%

Shares of Anteris Technologies Global stock traded up $0.03 on Friday, reaching $5.71. The company had a trading volume of 995,590 shares, compared to its average volume of 2,236,944. Anteris Technologies Global has a 52-week low of $2.34 and a 52-week high of $8.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.84. The firm’s 50 day moving average price is $5.35 and its two-hundred day moving average price is $4.67. The firm has a market cap of $235.25 million, a PE ratio of -3.15 and a beta of 1.30.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.05). The company had revenue of $0.43 million during the quarter, compared to analyst estimates of $0.74 million. Anteris Technologies Global had a negative net margin of 3,944.93% and a negative return on equity of 252.71%. Sell-side analysts predict that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

About Anteris Technologies Global

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.