Short Interest in Anteris Technologies Global Corp. (NASDAQ:AVR) Increases By 73.5%

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

Insider Transactions at Anteris Technologies Global

In other news, major shareholder L1 Capital Pty Ltd purchased 5,000,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were acquired at an average price of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the acquisition, the insider owned 13,219,814 shares in the company, valued at approximately $76,013,930.50. The trade was a 60.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Institutional Trading of Anteris Technologies Global

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Anteris Technologies Global in the first quarter valued at $32,000. BNP Paribas Financial Markets raised its stake in shares of Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after buying an additional 4,302 shares during the period. Bank of America Corp DE raised its stake in shares of Anteris Technologies Global by 35.7% in the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock valued at $48,000 after buying an additional 2,798 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of Anteris Technologies Global in the fourth quarter valued at $54,000.

Anteris Technologies Global Stock Performance

NASDAQ AVR opened at $6.29 on Wednesday. Anteris Technologies Global has a 52-week low of $2.60 and a 52-week high of $6.95. The company has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $5.17. The company has a market capitalization of $611.58 million, a PE ratio of -2.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.73.

Anteris Technologies Global (NASDAQ:AVR) last released its 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 for the quarter. On average, research analysts predict that Anteris Technologies Global will post -2.66 EPS for the current year.

Wall Street Analyst Weigh In

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

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.