Acasti Pharma Inc (ACST) Sees Significant Growth in Short Interest
Acasti Pharma Inc (NASDAQ:ACST) was the target of a large growth in short interest in September. As of September 28th, there was short interest totalling 1,203,039 shares, a growth of 112.6% from the September 14th total of 565,922 shares. Based on an average daily trading volume, of 2,244,388 shares, the short-interest ratio is presently 0.5 days.
Shares of Acasti Pharma stock opened at $1.21 on Friday. Acasti Pharma has a one year low of $0.43 and a one year high of $3.36. The stock has a market capitalization of $47.32 million, a P/E ratio of -1.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.35.
Acasti Pharma (NASDAQ:ACST) last issued its earnings results on Tuesday, August 14th. The biopharmaceutical company reported ($0.18) EPS for the quarter. Analysts expect that Acasti Pharma will post -0.7 EPS for the current fiscal year.
Acasti Pharma Inc, a biopharmaceutical company, focuses on the research, development, and commercialization of prescription drugs for the treatment of cardiovascular diseases. Its lead product candidate is CaPre, an omega-3 phospholipid therapeutic that is in Phase III clinical trial to treat patients with hypertriglyceridemia.
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