Abpro Holdings Inc. (NASDAQ:ABP) Short Interest Update

Abpro Holdings Inc. (NASDAQ:ABP) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 44,926 shares, a growth of 146.1% from the January 29th total of 18,253 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 9,039,566 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 9,039,566 shares, the short-interest ratio is presently 0.0 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Trading of Abpro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABP. Goldman Sachs Group Inc. acquired a new position in shares of Abpro in the 4th quarter valued at $52,000. Yorkville Advisors Global LP purchased a new stake in Abpro in the third quarter valued at $192,000. Finally, Geode Capital Management LLC boosted its stake in Abpro by 127.6% in the second quarter. Geode Capital Management LLC now owns 196,494 shares of the company’s stock valued at $42,000 after acquiring an additional 110,159 shares in the last quarter. Institutional investors and hedge funds own 23.30% of the company’s stock.

Analyst Ratings Changes

ABP has been the subject of a number of research reports. Wall Street Zen cut shares of Abpro to a “strong sell” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Abpro in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Abpro Stock Performance

ABP opened at $0.52 on Friday. Abpro has a one year low of $0.52 and a one year high of $29.97. The company has a market cap of $1.42 million and a P/E ratio of -0.12. The business’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $5.03.

Abpro Company Profile

Abpro Holdings Inc is a biotechnology company. The company’s mission is to improve the lives of mankind facing severe and life-threatening diseases with next-generation antibody therapies. Abpro Holdings Inc, formerly known as Atlantic Coastal Acquisition Corp. II, is based in WOBURN, Mass.