Company shares last traded at $4.30 which is quite a bit below the 50 day moving average which is $5.83 and a great deal lower than the 200 day moving average of $6.97. The 50 day moving average was down $-1.53 and the 200 day average went down $-2.67 or -38.29%. Trading was light with 17K shares changing hands by the end of trading on Tuesday. Volume was down 80.85% under the stocks average daily volume.
Traders are feeling more bearish on Akari Therapeutics Plc – Americ recently as inferred by the increase in short interest. The company experienced a rise in short interest between September 15, 2017 and September 29, 2017 of 21.29%. Short shares grew from 133,388 to 161,786 over that timeframe. With short interest at 161,786 and short average daily volume at 1,470,676, days to cover is 0.0 and the short interest percentage is 0.00% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (AKTX). As of the end of the quarter Qvt Financial Lp had sold 77,044 shares trimming its stake by 36.8%. The value of the company’s investment in Akari Therapeutics Plc – Americ decreased from $1,887,000 to $531,000 a change of $1,356,000 since the last quarter. As of quarter end Ubs Group Ag had disposed of a total of 1,275 shares trimming its position 56.6%. The value in dollars went from $25,000 to $5,000 a change of 80.0% for the reporting period.
As of quarter end Vhcp Management Ii, LLC had acquired a total of 56,807 shares growing its holdings by 15.4%. The value of the investment in AKTX went from $4,090,000 to $1,965,000 decreasing 52.0% quarter to quarter. Bank Of Montreal /can/ added to its holdings by buying 13,000 shares an increase of 185.7% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now holds 20,000 shares with a value of $123,000. The total value of its holdings increased 284.4%.
On September 22 the stock rating was upgraded to “Outperform” from “Market Perform” by analysts at William Blair.
As of the latest earnings report the EPS was $-2.00 and is estimated to be $-2.36 for the current year with 11,776,000 shares outstanding. Next quarter’s EPS is estimated at $-0.74 and the next full year EPS is projected to be $-3.11.
Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, launched on October 7, 2004, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria (PNH), Guillain Barre syndrome (GBS) and atypical Hemolytic Uremic Syndrome (aHUS)..