Avenue Therapeutics, Inc. (NASDAQ:ATXI – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 36,700 shares, a decrease of 22.2% from the August 15th total of 47,200 shares. Based on an average daily volume of 45,600 shares, the short-interest ratio is currently 0.8 days. Approximately 2.8% of the shares of the stock are sold short.
Hedge Funds Weigh In On Avenue Therapeutics
An institutional investor recently bought a new position in Avenue Therapeutics stock. Armistice Capital LLC bought a new position in shares of Avenue Therapeutics, Inc. (NASDAQ:ATXI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $262,000. Armistice Capital LLC owned approximately 7.97% of Avenue Therapeutics as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 17.34% of the company’s stock.
Avenue Therapeutics Price Performance
Shares of ATXI stock traded up $0.01 during trading hours on Friday, reaching $2.81. 6,894 shares of the company were exchanged, compared to its average volume of 62,516. The stock’s fifty day moving average is $2.90 and its two-hundred day moving average is $5.67. The company has a market cap of $2.64 million, a price-to-earnings ratio of -0.36 and a beta of -0.17. Avenue Therapeutics has a fifty-two week low of $2.25 and a fifty-two week high of $64.27.
About Avenue Therapeutics
Avenue Therapeutics, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of therapies for the treatment of neurologic diseases. Its product candidates include AJ201, which is in a Phase 1b/2a clinical trial for the treatment of spinal and bulbar muscular atrophy; intravenous tramadol for the treatment of post-operative acute pain; and BAER-101 for the treatment of epilepsy and panic disorders.
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