AnaptysBio Inc (ANAB) Sees Significant Increase in Short Interest

AnaptysBio Inc (NASDAQ:ANAB) was the recipient of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 1,387,012 shares, an increase of 40.3% from the December 15th total of 988,390 shares. Currently, 9.8% of the shares of the company are short sold. Based on an average daily volume of 280,607 shares, the short-interest ratio is currently 4.9 days.

AnaptysBio (NASDAQ:ANAB) opened at $112.40 on Friday. AnaptysBio has a fifty-two week low of $15.17 and a fifty-two week high of $114.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 10.77 and a current ratio of 10.77.

AnaptysBio (NASDAQ:ANAB) last released its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($0.45) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.02. analysts forecast that AnaptysBio will post -1.72 EPS for the current year.

Several equities analysts have commented on ANAB shares. Zacks Investment Research upgraded shares of AnaptysBio from a “sell” rating to a “hold” rating and set a $74.00 price objective on the stock in a report on Friday, November 10th. SunTrust Banks started coverage on shares of AnaptysBio in a report on Wednesday, November 15th. They issued a “buy” rating and a $115.00 price objective on the stock. Royal Bank of Canada upped their price objective on shares of AnaptysBio from $40.00 to $79.00 and gave the company an “outperform” rating in a report on Tuesday, October 10th. Credit Suisse Group upped their price objective on shares of AnaptysBio from $38.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 10th. Finally, Robert W. Baird set a $69.00 price objective on shares of AnaptysBio and gave the company a “buy” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. AnaptysBio currently has an average rating of “Buy” and a consensus price target of $88.00.

Hedge funds have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC acquired a new position in shares of AnaptysBio in the third quarter valued at about $100,000. Legal & General Group Plc grew its stake in shares of AnaptysBio by 160.8% in the third quarter. Legal & General Group Plc now owns 3,164 shares of the biotechnology company’s stock valued at $110,000 after acquiring an additional 1,951 shares in the last quarter. DAFNA Capital Management LLC grew its stake in shares of AnaptysBio by 22.2% in the second quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock valued at $132,000 after acquiring an additional 1,000 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of AnaptysBio in the second quarter valued at about $168,000. Finally, Nationwide Fund Advisors grew its stake in shares of AnaptysBio by 89.5% in the third quarter. Nationwide Fund Advisors now owns 5,878 shares of the biotechnology company’s stock valued at $205,000 after acquiring an additional 2,776 shares in the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

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AnaptysBio Company Profile

AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.

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