Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 677,900 shares, an increase of 387.0% from the September 15th total of 139,200 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average trading volume of 199,500 shares, the days-to-cover ratio is currently 3.4 days.
ABOS opened at $14.39 on Thursday. Acumen Pharmaceuticals has a 12 month low of $12.70 and a 12 month high of $26.98. The stock has a 50-day moving average of $15.85.
Acumen Pharmaceuticals (NASDAQ:ABOS) last announced its earnings results on Sunday, August 15th. The company reported ($7.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($7.74). As a group, analysts expect that Acumen Pharmaceuticals will post -3.86 EPS for the current year.
Acumen Pharmaceuticals Company Profile
Acumen Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, engages in the development of therapeutics for the treatment of Alzheimer's and other neurodegenerative diseases. The company focuses on advancing a targeted immunotherapy drug candidate ACU193, which is in Phase I clinical-stage to target soluble amyloid-beta oligomers.
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