Adaptimmune Therapeutics plc (NASDAQ:ADAP – Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,410,000 shares, a growth of 6.6% from the March 31st total of 3,200,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the short-interest ratio is currently 1.7 days.
Institutional Trading of Adaptimmune Therapeutics
A number of institutional investors and hedge funds have recently modified their holdings of ADAP. Columbia Advisory Partners LLC purchased a new stake in shares of Adaptimmune Therapeutics during the first quarter worth about $25,000. JTC Employer Solutions Trustee Ltd acquired a new position in Adaptimmune Therapeutics during the first quarter worth about $41,000. Twin Focus Capital Partners LLC acquired a new position in Adaptimmune Therapeutics during the fourth quarter worth about $44,000. Marquette Asset Management LLC acquired a new position in Adaptimmune Therapeutics during the third quarter worth about $77,000. Finally, Harbor Capital Advisors Inc. boosted its position in Adaptimmune Therapeutics by 19.5% during the third quarter. Harbor Capital Advisors Inc. now owns 134,415 shares of the biotechnology company’s stock worth $105,000 after acquiring an additional 21,899 shares during the last quarter. Hedge funds and other institutional investors own 31.37% of the company’s stock.
Adaptimmune Therapeutics Stock Performance
ADAP opened at $1.21 on Thursday. Adaptimmune Therapeutics has a fifty-two week low of $0.42 and a fifty-two week high of $2.05. The company has a fifty day moving average of $1.38 and a two-hundred day moving average of $0.94. The stock has a market capitalization of $298.65 million, a price-to-earnings ratio of -2.20 and a beta of 2.39.
Adaptimmune Therapeutics Company Profile
Adaptimmune Therapeutics plc, a clinical-stage biopharmaceutical company, provides novel cell therapies primarily to cancer patients in the United States and the United Kingdom. It develops SPEARHEAD-1 that is in phase II clinical trials with ADP-A2M4 for synovial sarcoma; SURPASS-3 that is in phase II clinical trial with ADP-A2M4CD8 for people with platinum resistant ovarian cancer; and SURPASS that is in phase I clinical trials in patients with head and neck, and urothelial cancers.
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