Surrozen, Inc. (NASDAQ:SRZN – Get Rating) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 97,000 shares, a decrease of 20.6% from the November 30th total of 122,100 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 507,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Surrozen

A number of hedge funds and other institutional investors have recently bought and sold shares of SRZN. Bank of Montreal Can acquired a new stake in Surrozen during the 1st quarter valued at $377,000. FMR LLC bought a new position in Surrozen in the 2nd quarter valued at $744,000. Vanguard Group Inc. boosted its position in Surrozen by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 487,278 shares of the company's stock valued at $984,000 after buying an additional 15,299 shares during the last quarter. Finally, Board of Trustees of The Leland Stanford Junior University boosted its position in Surrozen by 3,102.9% in the 3rd quarter. Board of Trustees of The Leland Stanford Junior University now owns 781,960 shares of the company's stock valued at $1,580,000 after buying an additional 757,546 shares during the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.

Surrozen Trading Down 8.1 %

Shares of SRZN traded down $0.05 during mid-day trading on Friday, reaching $0.58. The company had a trading volume of 848,891 shares, compared to its average volume of 1,863,713. Surrozen has a twelve month low of $0.34 and a twelve month high of $6.90. The company's 50-day moving average is $1.12 and its 200-day moving average is $2.17.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SRZN shares. Bank of America cut Surrozen from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 16th. Guggenheim cut Surrozen from a "buy" rating to a "neutral" rating in a report on Friday, November 18th. Finally, JPMorgan Chase & Co. cut Surrozen from a "neutral" rating to an "underweight" rating in a report on Tuesday, November 29th.

About Surrozen

(Get Rating)

Surrozen, Inc, a biotechnology company, discovers and develops drug candidates to selectively modulate the Wnt pathway for tissue repair and regeneration. It is developing tissue-specific antibodies with application across various disease areas, including diseases of the intestine, liver, retina, cornea, lung, kidney, cochlea, skin, pancreas, and central nervous system.

Further Reading

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