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Short Interest in Aclaris Therapeutics, Inc. (NASDAQ:ACRS) Drops By 10.0%

Defense World ·  09/19 15:41

Aclaris Therapeutics, Inc. (NASDAQ:ACRS – Get Rating) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,140,000 shares, a drop of 10.0% from the August 15th total of 3,490,000 shares. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 354,000 shares, the days-to-cover ratio is presently 8.9 days.

Institutional Investors Weigh In On Aclaris Therapeutics

Several hedge funds have recently added to or reduced their stakes in ACRS. Point72 Hong Kong Ltd acquired a new stake in Aclaris Therapeutics during the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC acquired a new stake in Aclaris Therapeutics during the 2nd quarter worth approximately $26,000. UBS Group AG boosted its position in Aclaris Therapeutics by 41.4% during the 2nd quarter. UBS Group AG now owns 2,406 shares of the biotechnology company's stock worth $34,000 after buying an additional 704 shares during the period. Cubist Systematic Strategies LLC boosted its position in Aclaris Therapeutics by 163.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,050 shares of the biotechnology company's stock worth $126,000 after buying an additional 5,621 shares during the period. Finally, Amalgamated Bank acquired a new position in shares of Aclaris Therapeutics in the 1st quarter worth approximately $143,000. 95.08% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an "overweight" rating on shares of Aclaris Therapeutics in a report on Monday, August 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Aclaris Therapeutics Trading Down 6.4 %

ACRS opened at $13.47 on Monday. The company's 50 day moving average is $16.12 and its 200-day moving average is $15.21. Aclaris Therapeutics has a 1-year low of $9.26 and a 1-year high of $19.97. The company has a market cap of $898.07 million, a P/E ratio of -10.05 and a beta of 0.59.

Aclaris Therapeutics (NASDAQ:ACRS – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The biotechnology company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. Aclaris Therapeutics had a negative net margin of 1,355.98% and a negative return on equity of 40.14%. The company had revenue of $1.53 million for the quarter, compared to the consensus estimate of $1.59 million. On average, equities analysts forecast that Aclaris Therapeutics will post -1.47 EPS for the current year.

About Aclaris Therapeutics

(Get Rating)

Aclaris Therapeutics, Inc operates a clinical-stage biopharmaceutical company, develops novel drug candidates for immune-inflammatory diseases in the United States. It operates through two segments: Therapeutics and Contract Research. The Therapeutics segment is involved in identifying and developing innovative therapies to address significant unmet needs for immuno-inflammatory diseases.

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