Asterias Biotherapeutics Inc (NYSEAMERICAN:AST) saw a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 2,603,929 shares, a drop of 2.6% from the December 15th total of 2,672,506 shares. Based on an average trading volume of 143,188 shares, the short-interest ratio is currently 18.2 days. Approximately 8.2% of the shares of the stock are sold short.
Asterias Biotherapeutics (NYSEAMERICAN AST) opened at $2.45 on Friday. Asterias Biotherapeutics has a 12-month low of $1.95 and a 12-month high of $5.00. The stock has a market capitalization of $132.67, a P/E ratio of -3.77 and a beta of 1.30.
Several brokerages recently issued reports on AST. HC Wainwright set a $11.00 price objective on Asterias Biotherapeutics and gave the stock a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research downgraded Asterias Biotherapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.94.
Asterias Biotherapeutics, Inc is a biotechnology company. The Company is engaged in developing and commercializing therapies in the fields of cell therapy and regenerative medicine. The Company has over two technology platforms. The first is an immunotherapy platform to teach cancer patients’ immune systems to attack their tumors.
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