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

Anteris Technologies Global Corp. (NASDAQ:AVR) saw a large growth in short interest during 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. Approximately 5.7% of the company’s shares are sold short. Based on an average trading volume of 3,395,606 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 3,395,606 shares, the short-interest ratio is currently 0.7 days. Approximately 5.7% of the company’s shares are sold short.

Insider Buying and Selling at Anteris Technologies Global

In related news, major shareholder L1 Capital Pty Ltd purchased 5,000,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were bought at an average price of $5.75 per share, for a total transaction of $28,750,000.00. Following the acquisition, the insider directly owned 13,219,814 shares in the company, valued at $76,013,930.50. This trade represents a 60.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Anteris Technologies Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC lifted its position in shares of Anteris Technologies Global by 31.9% during the 4th quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock worth $12,629,000 after purchasing an additional 612,244 shares during the last quarter. Walleye Capital LLC bought a new stake in Anteris Technologies Global in the fourth quarter valued at about $147,000. Affinity Asset Advisors LLC increased its stake in shares of Anteris Technologies Global by 8.2% in the 4th quarter. Affinity Asset Advisors LLC now owns 486,684 shares of the company’s stock valued at $2,429,000 after acquiring an additional 36,684 shares during the last quarter. State Street Corp boosted its position in shares of Anteris Technologies Global by 14.4% during the fourth quarter. State Street Corp now owns 357,809 shares of the company’s stock worth $1,785,000 after purchasing an additional 45,081 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Anteris Technologies Global by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 37,157 shares of the company’s stock worth $185,000 after acquiring an additional 16,291 shares in the last quarter.

Wall Street Analyst Weigh In

AVR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Anteris Technologies Global has an average rating of “Hold” and an average target price of $15.00.

Anteris Technologies Global Stock Performance

AVR traded up $0.03 on Friday, hitting $5.71. 995,590 shares of the company’s stock were exchanged, compared to its average volume of 2,236,944. 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 has a twelve month low of $2.34 and a twelve month high of $8.79. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $5.35 and a two-hundred day moving average of $4.67.

Anteris Technologies Global (NASDAQ:AVR) last posted its earnings results on Wednesday, November 12th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.05). The firm had revenue of $0.43 million for 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%. On average, research analysts anticipate 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.