Short Interest in Cerecor Inc (CERC) Declines By 33.8%

Cerecor Inc (NASDAQ:CERC) saw a significant decline in short interest in the month of January. As of January 12th, there was short interest totalling 777,488 shares, a decline of 33.8% from the December 29th total of 1,174,319 shares. Based on an average daily trading volume, of 493,309 shares, the short-interest ratio is presently 1.6 days. Approximately 4.1% of the shares of the company are sold short.

Several research analysts have weighed in on the company. ValuEngine upgraded Cerecor from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet upgraded Cerecor from an “e+” rating to a “c-” rating in a research note on Wednesday, November 8th.

In related news, Director Armistice Capital, Llc bought 35,200 shares of the stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of $1.20 per share, for a total transaction of $42,240.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Armistice Capital Master Fund bought 45,200 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average price of $1.20 per share, for a total transaction of $54,240.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 90,685 shares of company stock worth $108,984. 10.70% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Cerecor stock. Acadian Asset Management LLC bought a new stake in Cerecor Inc (NASDAQ:CERC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,719 shares of the company’s stock, valued at approximately $194,000. Acadian Asset Management LLC owned about 0.23% of Cerecor at the end of the most recent quarter. Institutional investors own 64.27% of the company’s stock.

Cerecor (NASDAQ CERC) opened at $3.00 on Friday. Cerecor has a 12 month low of $0.34 and a 12 month high of $4.25. The firm has a market capitalization of $78.47 and a P/E ratio of 8.11.

Cerecor (NASDAQ:CERC) last announced its earnings results on Monday, November 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.76. Cerecor had a return on equity of 212.90% and a net margin of 51.71%. analysts expect that Cerecor will post 0.83 EPS for the current year.

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Cerecor Company Profile

Cerecor, Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Company has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment.

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