Short Interest in Adaptimmune Therapeutics PLC (ADAP) Grows By 42.3%

Adaptimmune Therapeutics PLC (NASDAQ:ADAP) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 945,237 shares, a growth of 42.3% from the October 13th total of 664,355 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 280,363 shares, the days-to-cover ratio is currently 3.4 days.

ADAP has been the topic of several research analyst reports. Leerink Swann reissued an “outperform” rating and issued a $15.00 price target on shares of Adaptimmune Therapeutics PLC in a report on Friday, September 8th. Zacks Investment Research raised shares of Adaptimmune Therapeutics PLC from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Wednesday, October 4th. TheStreet raised shares of Adaptimmune Therapeutics PLC from a “d” rating to a “c” rating in a report on Thursday, November 2nd. ValuEngine raised shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Thursday, July 20th. Finally, BidaskClub raised shares of Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.58.

Large investors have recently made changes to their positions in the business. KCG Holdings Inc. acquired a new stake in shares of Adaptimmune Therapeutics PLC during the 1st quarter worth approximately $133,000. Dynamic Technology Lab Private Ltd bought a new position in Adaptimmune Therapeutics PLC in the 3rd quarter valued at approximately $199,000. Paloma Partners Management Co bought a new position in Adaptimmune Therapeutics PLC in the 1st quarter valued at approximately $165,000. OxFORD Asset Management LLP bought a new position in Adaptimmune Therapeutics PLC during the second quarter worth $156,000. Finally, Virtu KCG Holdings LLC raised its stake in Adaptimmune Therapeutics PLC by 108.0% during the second quarter. Virtu KCG Holdings LLC now owns 50,279 shares of the biotechnology company’s stock worth $226,000 after buying an additional 26,105 shares during the last quarter. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Adaptimmune Therapeutics PLC (ADAP) opened at $8.10 on Monday. Adaptimmune Therapeutics PLC has a 52-week low of $3.76 and a 52-week high of $9.29.

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Adaptimmune Therapeutics PLC Company Profile

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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