ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) Brief Interest Update
ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) was the target of a significant decline in short interest in December. As of December 31, there was short interest totaling 94,400 shares, a decrease of 46.1% from the total of 175,100 shares as of December 15. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume of 433,900 shares, the day-to-cover ratio is currently 0.2 days.
ASLN has been the subject of several recent research reports. HC Wainwright reissued a “buy” rating on shares of ASLAN Pharmaceuticals in a research report on Tuesday, December 7. BTIG Research reissued a “hold” rating on ASLAN Pharmaceuticals shares in a research report on Tuesday, October 5. Finally, Zacks Investment Research downgraded ASLAN Pharmaceuticals from a “buy” rating to a “hold” rating in a Monday, November 1 research report.
A number of institutional investors have recently changed their positions in the company. Tang Capital Management LLC bought a new position in ASLAN Pharmaceuticals in Q3 worth $1,736,000. Millennium Management LLC increased its equity stake in ASLAN Pharmaceuticals by 8.8% in the third quarter. Millennium Management LLC now owns 1,468,207 shares of the company worth $2,613,000 after purchasing an additional 118,919 shares during the period. Point72 Asset Management LP bought a new stake in ASLAN Pharmaceuticals stock in Q3 worth $445,000. Morgan Stanley increased its stake in shares of ASLAN Pharmaceuticals by 3.5% in the 3rd quarter. Morgan Stanley now owns 239,508 shares of the company worth $426,000 after purchasing an additional 8,049 shares during the period. Finally, Affinity Asset Advisors LLC purchased a new stake in shares of ASLAN Pharmaceuticals in Q3 at a value of $445,000. 66.31% of the shares are currently held by institutional investors.
Shares of NASDAQ:ASLN opened at $1.08 on Friday. The company has a market capitalization of $41.03 million, a PE ratio of -2.25 and a beta of 2.34. The company has a fifty-day moving average price of $1.34 and a 200-day moving average price of $2.11. ASLAN Pharmaceuticals has a 1-year low of $1.02 and a 1-year high of $6.75.
ASLAN Pharmaceuticals (NASDAQ:ASLN) last reported quarterly earnings data on Monday, October 25. The company reported ($0.12) EPS for the quarter, beating Thomson Reuters consensus estimate of ($0.13) by $0.01. On average, analysts expect ASLAN Pharmaceuticals to post -0.47 EPS for the current year.
About ASLAN Pharmaceuticals
Aslan Pharmaceuticals Ltd. is a clinical-stage oncology-focused biopharmaceutical company engaged in the development of novel therapies. It focuses on atopic dermatitis, other immunological indications and autoimmune diseases. Its pipeline includes varlitinib, ASLAN003, ASLAN004 and AhR Antagonist.
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