Short Interest in AEterna Zentaris Inc. (NASDAQ:AEZS) Declines By 14.2%

AEterna Zentaris Inc. (NASDAQ:AEZS) (TSE:AEZ) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 348,900 shares, a decline of 14.2% from the September 15th total of 406,500 shares. Based on an average daily trading volume, of 148,100 shares, the short-interest ratio is currently 2.4 days. Currently, 2.1% of the company’s stock are short sold.

A number of brokerages recently weighed in on AEZS. ValuEngine upgraded shares of AEterna Zentaris from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of AEterna Zentaris from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a report on Tuesday, October 8th. Finally, HC Wainwright restated a “buy” rating on shares of AEterna Zentaris in a report on Thursday, August 15th. Four analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $2.00.

A hedge fund recently bought a new stake in AEterna Zentaris stock. Creative Planning acquired a new stake in AEterna Zentaris Inc. (NASDAQ:AEZS) (TSE:AEZ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the biopharmaceutical company’s stock, valued at approximately $30,000. Creative Planning owned about 0.06% of AEterna Zentaris at the end of the most recent reporting period. Institutional investors and hedge funds own 7.03% of the company’s stock.

Shares of AEZS opened at $1.01 on Friday. The company has a market cap of $21.00 million, a price-to-earnings ratio of 4.04 and a beta of 1.08. AEterna Zentaris has a 1-year low of $0.81 and a 1-year high of $5.57. The company’s fifty day simple moving average is $1.16 and its 200 day simple moving average is $2.42.

AEterna Zentaris (NASDAQ:AEZS) (TSE:AEZ) last released its quarterly earnings data on Tuesday, August 13th. The biopharmaceutical company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. AEterna Zentaris had a negative net margin of 536.79% and a negative return on equity of 1,428.66%. The firm had revenue of $0.19 million for the quarter, compared to the consensus estimate of $0.20 million. On average, analysts predict that AEterna Zentaris will post 1.77 earnings per share for the current year.

About AEterna Zentaris

Aeterna Zentaris Inc, a specialty biopharmaceutical company, engages in developing and commercializing pharmaceutical therapies for treating oncology, endocrinology, and women's health. Its commercial product is the Macrilen, a ghrelin receptor agonist that stimulates the secretion of growth hormone by binding to the GHSR-1a, a ghrelin receptor, which is used for endocrinology and oncology indications.

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