Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) Closed -7.2% Below Its 50 Day Average


The stock is trading at $4.01 marginally under $4.32, the 50 day moving average and which is marginally under the 200 day moving average of $4.27. The 50 day moving average was down by -7.18% and the 200 day average went down $-0.26 or -6.07%. Trading volume for Achillion Pharmaceuticals, Inc. was 22K by the end of trading on Tuesday. Volume was down 98.76% under the stocks average daily volume.

Investors are feeling more bullish on Achillion Pharmaceuticals, Inc. of late looking at the change in short interest. The stock experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -12.80%. Short interest decreased from 10,074,062 to 8,784,125 over that timeframe. The days to cover increased to 6.0 and the short interest percentage is 0.06% as of September 29.

These funds have shifted positions in (ACHN). Rhenman & Partners Asset Management Ab bolstered its holdings by buying 684,000 shares an increase of 412.0% from 06/30/2017 to 09/30/2017. Rhenman & Partners Asset Management Ab now holds 850,000 shares valued at $3,817,000. The value of the position overall is up by 400.9%. Bank Of Montreal /can/ trimmed its position by selling 56,463 shares a decrease of 99.6%. Bank Of Montreal /can/ currently owns 252 shares worth $1,000. The total value of its holdings decreased 99.6%.

Meeder Asset Management Inc reduced its ownership by selling 994 shares a decrease of 51.6% as of 09/30/2017. Meeder Asset Management Inc now controls 934 shares with a value of $4,000. The total value of its holdings decreased 55.6%. Deschutes Portfolio Strategy, LLC augmented its stake by buying 315 shares an increase of 0.3% in the quarter. Deschutes Portfolio Strategy, LLC claims 116,945 shares worth $525,000. The value of the position overall is down by 1.9%.

On August 10 the stock rating was downgraded to “Neutral” from “Outperform” in a report from Baird.

As of the latest earnings report the EPS was $-0.50 and is estimated to be $-0.66 for the current year with 136,761,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.18 and the next full year EPS is anticipated to be $-0.55.

Achillion Pharmaceuticals, Inc., launched on August 5, 1998, is a biopharmaceutical company. The Company is involved in the discovery and development of small molecule drug therapies for infectious diseases and immune system disorders. The Company is focused on its complement inhibitor platform, directed at advancing small molecule compounds that have the potential to be used in the treatment of immune-related diseases associated with the alternative pathway of the complement system. The complement system is part of the human innate immune system. Its clinical compound from its complement inhibitor platform is ACH-4471. ACH-4471 is a potent and specific inhibitor of factor D, which demonstrated complete inhibition of the complement alternative pathway in human healthy volunteers in a Phase I clinical trial..