Agenus Inc. (AGEN) Short Interest Up 21.5% in October

Agenus Inc. (NASDAQ:AGEN) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 10,288,366 shares, a growth of 21.5% from the October 13th total of 8,464,979 shares. Currently, 13.4% of the company’s shares are short sold. Based on an average daily volume of 3,255,541 shares, the days-to-cover ratio is currently 3.2 days.

In related news, CEO Garo H. Armen purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $3.55 per share, with a total value of $355,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. OxFORD Asset Management LLP acquired a new stake in Agenus during the 2nd quarter worth about $141,000. Voya Investment Management LLC boosted its position in Agenus by 18.5% during the 2nd quarter. Voya Investment Management LLC now owns 40,855 shares of the biotechnology company’s stock worth $160,000 after acquiring an additional 6,381 shares during the period. American International Group Inc. boosted its position in Agenus by 7.1% during the 1st quarter. American International Group Inc. now owns 45,013 shares of the biotechnology company’s stock worth $170,000 after acquiring an additional 2,984 shares during the period. UBS Asset Management Americas Inc. boosted its position in Agenus by 203.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 51,933 shares of the biotechnology company’s stock worth $196,000 after acquiring an additional 34,833 shares during the period. Finally, State of Wisconsin Investment Board acquired a new stake in Agenus during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 39.46% of the company’s stock.

Shares of Agenus (AGEN) opened at $3.73 on Tuesday. Agenus has a 1 year low of $3.20 and a 1 year high of $5.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of -2.39.

Agenus (NASDAQ:AGEN) last announced its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($0.37) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.37). The business had revenue of $3.40 million for the quarter, compared to analyst estimates of $5.91 million. The business’s revenue was down 24.4% on a year-over-year basis. equities research analysts anticipate that Agenus will post -1.19 earnings per share for the current fiscal year.

AGEN has been the topic of a number of analyst reports. Zacks Investment Research raised Agenus from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Wednesday, October 25th. ValuEngine raised Agenus from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 7th. BidaskClub raised Agenus from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $7.00 price target on shares of Agenus in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.81.

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Agenus Company Profile

Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).

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