Adamas Pharmaceuticals Inc (ADMS) Short Interest Down 11.3% in November

Adamas Pharmaceuticals Inc (NASDAQ:ADMS) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 7,125,630 shares, a decline of 11.3% from the November 15th total of 8,033,382 shares. Based on an average daily volume of 1,097,522 shares, the days-to-cover ratio is presently 6.5 days. Approximately 41.0% of the shares of the company are short sold.

Shares of Adamas Pharmaceuticals (NASDAQ ADMS) traded up $0.50 during mid-day trading on Monday, reaching $32.58. The company’s stock had a trading volume of 3,090,800 shares, compared to its average volume of 548,807. The company has a quick ratio of 8.32, a current ratio of 8.35 and a debt-to-equity ratio of 0.41. Adamas Pharmaceuticals has a one year low of $13.50 and a one year high of $38.22.

Adamas Pharmaceuticals (NASDAQ:ADMS) last announced its quarterly earnings data on Thursday, November 2nd. The specialty pharmaceutical company reported ($1.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.01) by ($0.03). The business’s revenue for the quarter was down 99.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.66) earnings per share. equities analysts expect that Adamas Pharmaceuticals will post -3.84 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Adamas Pharmaceuticals in the second quarter valued at $109,000. SG Americas Securities LLC acquired a new stake in shares of Adamas Pharmaceuticals in the third quarter valued at $110,000. Quantbot Technologies LP acquired a new stake in shares of Adamas Pharmaceuticals in the third quarter valued at $119,000. Virtu KCG Holdings LLC acquired a new stake in shares of Adamas Pharmaceuticals in the second quarter valued at $184,000. Finally, Sei Investments Co. lifted its holdings in shares of Adamas Pharmaceuticals by 1,105.0% in the third quarter. Sei Investments Co. now owns 8,760 shares of the specialty pharmaceutical company’s stock valued at $185,000 after buying an additional 8,033 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.

ADMS has been the subject of a number of analyst reports. ValuEngine upgraded Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $30.00 price target on shares of Adamas Pharmaceuticals in a research report on Wednesday, September 20th. Mizuho reiterated a “buy” rating and set a $48.00 price target (up previously from $26.00) on shares of Adamas Pharmaceuticals in a research report on Wednesday, September 13th. William Blair reiterated an “ourperform” rating on shares of Adamas Pharmaceuticals in a research report on Friday, August 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Adamas Pharmaceuticals in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.00.

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About Adamas Pharmaceuticals

Adamas Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders. It offers a platform based on an understanding of time dependent biologic effects of disease activity and drug response to achieve relief without tolerability issues.

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