Anteris Technologies Global Corp. (NASDAQ:AVR) Sees Significant Increase in Short Interest

Anteris Technologies Global Corp. (NASDAQ:AVR) was the recipient of a large growth in short interest in 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. Currently, 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 3,395,606 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 3,395,606 shares, the short-interest ratio is presently 0.7 days. Currently, 5.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.00.

Insider Buying and Selling at Anteris Technologies Global

In other Anteris Technologies Global news, major shareholder L1 Capital Pty Ltd purchased 5,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were acquired at an average cost of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the purchase, the insider owned 13,219,814 shares of the company’s stock, valued at approximately $76,013,930.50. The trade was a 60.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AVR. Russell Investments Group Ltd. grew its holdings in shares of Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Anteris Technologies Global in the first quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its stake in shares of Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after buying an additional 4,302 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Anteris Technologies Global during the second quarter worth $49,000.

Anteris Technologies Global Price Performance

Anteris Technologies Global stock opened at $5.71 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.84. Anteris Technologies Global has a 52 week low of $2.34 and a 52 week high of $8.79. The stock has a market capitalization of $235.25 million, a P/E ratio of -3.15 and a beta of 1.29. The stock has a fifty day moving average of $5.35 and a 200-day moving average of $4.68.

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.