Apellis Pharmaceuticals Inc (APLS) Short Interest Down 31.5% in August
Apellis Pharmaceuticals Inc (NASDAQ:APLS) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,921,075 shares, a decline of 31.5% from the August 15th total of 2,804,724 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 204,278 shares, the short-interest ratio is currently 9.4 days.
APLS stock opened at $18.58 on Tuesday. Apellis Pharmaceuticals has a 52 week low of $12.45 and a 52 week high of $32.00. The stock has a market cap of $1.05 billion and a price-to-earnings ratio of -5.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 26.02 and a current ratio of 26.02.
Apellis Pharmaceuticals (NASDAQ:APLS) last released its quarterly earnings results on Tuesday, July 31st. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.14). research analysts expect that Apellis Pharmaceuticals will post -2.2 EPS for the current year.
In other Apellis Pharmaceuticals news, General Counsel David O. Watson sold 15,776 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.78, for a total transaction of $296,273.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of Apellis Pharmaceuticals by 150.2% during the 2nd quarter. Victory Capital Management Inc. now owns 932,753 shares of the company’s stock worth $20,520,000 after buying an additional 559,913 shares in the last quarter. Jennison Associates LLC raised its position in shares of Apellis Pharmaceuticals by 50.5% during the 2nd quarter. Jennison Associates LLC now owns 570,464 shares of the company’s stock worth $12,550,000 after buying an additional 191,313 shares in the last quarter. Sofinnova Ventures Inc bought a new stake in shares of Apellis Pharmaceuticals during the 1st quarter worth about $20,159,000. Acuta Capital Partners LLC bought a new stake in shares of Apellis Pharmaceuticals during the 2nd quarter worth about $3,696,000. Finally, Opaleye Management Inc. bought a new stake in shares of Apellis Pharmaceuticals during the 2nd quarter worth about $5,830,000. Institutional investors own 57.54% of the company’s stock.
About Apellis Pharmaceuticals
Apellis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapeutic compounds for autoimmune and inflammatory diseases. Its lead product candidate is APL-2 to treat geographic atrophy, wet age-related macular degeneration, paroxysmal nocturnal hemoglobinuria, autoimmune hemolytic anemia, and nephrology.
Featured Article: Asset Allocation Models, Which is Right For You?
Receive News & Ratings for Apellis Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apellis Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.