Anteris Technologies Global Corp. (NASDAQ:AVR) Short Interest Update

Anteris Technologies Global Corp. (NASDAQ:AVR) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 4,184,298 shares, a growth of 73.5% from the March 15th total of 2,411,389 shares. Based on an average trading volume of 1,271,890 shares, the short-interest ratio is presently 3.3 days. Approximately 4.5% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, major shareholder L1 Capital Pty Ltd purchased 5,000,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were purchased at an average cost of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the transaction, the insider directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Anteris Technologies Global

Institutional investors and hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. acquired a new position in shares of Anteris Technologies Global during the fourth quarter valued at $70,000. ADAR1 Capital Management LLC increased its position in Anteris Technologies Global by 526.9% in the fourth quarter. ADAR1 Capital Management LLC now owns 1,238,777 shares of the company’s stock worth $6,181,000 after purchasing an additional 1,041,162 shares during the period. Millennium Management LLC raised its holdings in Anteris Technologies Global by 21.7% during the 4th quarter. Millennium Management LLC now owns 85,646 shares of the company’s stock worth $427,000 after purchasing an additional 15,266 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in Anteris Technologies Global during the 4th quarter worth about $175,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Anteris Technologies Global by 78.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,875 shares of the company’s stock worth $115,000 after purchasing an additional 10,073 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. Wells Fargo & Company assumed coverage on Anteris Technologies Global in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price target on the stock. Lake Street Capital reissued a “buy” rating and issued a $15.00 price objective on shares of Anteris Technologies Global in a research note on Friday, January 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price objective on shares of Anteris Technologies Global in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.33.

Anteris Technologies Global Price Performance

Anteris Technologies Global stock opened at $6.20 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $602.83 million, a P/E ratio of -2.42 and a beta of 1.58. The business’s fifty day moving average is $5.83 and its two-hundred day moving average is $5.16. Anteris Technologies Global has a 52 week low of $2.34 and a 52 week high of $6.95.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.75) earnings per share for the quarter. Anteris Technologies Global had a negative net margin of 4,921.27% and a negative return on equity of 536.04%. The company had revenue of $0.31 million during the quarter. Equities research analysts forecast that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

Anteris Technologies Global Company Profile

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.