Auris Medical Holding AG (EARS) Short Interest Down 60.0% in October
Auris Medical Holding AG (NASDAQ:EARS) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,176,457 shares, a drop of 60.0% from the October 15th total of 2,942,457 shares. Approximately 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,134,463 shares, the short-interest ratio is presently 0.1 days.
A number of analysts recently weighed in on EARS shares. ValuEngine upgraded shares of Auris Medical from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Eurobank EFG started coverage on shares of Auris Medical in a report on Monday, October 8th. They set a “buy” rating and a $2.50 target price for the company.
Shares of NASDAQ:EARS opened at $0.68 on Friday. The company has a market cap of $4.32 million, a P/E ratio of -0.12 and a beta of -1.09. Auris Medical has a 1-year low of $0.23 and a 1-year high of $9.50.
An institutional investor recently bought a new position in Auris Medical stock. Bellevue Group AG acquired a new position in Auris Medical Holding AG (NASDAQ:EARS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 193,125 shares of the biotechnology company’s stock, valued at approximately $151,000. Bellevue Group AG owned 3.16% of Auris Medical as of its most recent filing with the SEC. 17.96% of the stock is owned by institutional investors and hedge funds.
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Auris Medical Company Profile
Auris Medical Holding AG, a clinical-stage biopharmaceutical company, focuses on the development of novel products for the treatment of inner ear disorders. Its product candidates include AM-101, which is in phase III clinical development for the treatment of acute inner ear tinnitus; and AM-111 that is in phase III clinical development for the treatment of acute inner ear hearing loss.
See Also: Intrinsic Value
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