Aeglea Bio Therapeutics Inc (AGLE) Short Interest Down 45.4% in February

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Aeglea Bio Therapeutics Inc (NASDAQ:AGLE) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 471,970 shares, a decrease of 45.4% from the February 15th total of 865,047 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 134,261 shares, the short-interest ratio is presently 3.5 days.

A number of equities analysts have recently weighed in on AGLE shares. ValuEngine raised Aeglea Bio Therapeutics from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Zacks Investment Research raised Aeglea Bio Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.75.

A number of institutional investors have recently made changes to their positions in AGLE. Aisling Capital Management LP bought a new position in Aeglea Bio Therapeutics during the fourth quarter valued at approximately $6,506,000. Comprehensive Portfolio Management LLC bought a new position in Aeglea Bio Therapeutics during the fourth quarter valued at approximately $2,176,000. BlackRock Inc. boosted its stake in Aeglea Bio Therapeutics by 26.7% during the fourth quarter. BlackRock Inc. now owns 1,304,062 shares of the biotechnology company’s stock valued at $9,768,000 after buying an additional 275,066 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Aeglea Bio Therapeutics during the third quarter valued at approximately $2,542,000. Finally, Northern Trust Corp boosted its stake in Aeglea Bio Therapeutics by 870.0% during the second quarter. Northern Trust Corp now owns 177,184 shares of the biotechnology company’s stock valued at $1,874,000 after buying an additional 158,918 shares during the last quarter. 68.43% of the stock is owned by institutional investors.

Shares of Aeglea Bio Therapeutics stock opened at $8.00 on Friday. Aeglea Bio Therapeutics has a 12 month low of $6.31 and a 12 month high of $12.00. The company has a market cap of $239.49 million, a P/E ratio of -3.76 and a beta of 1.07.

Aeglea Bio Therapeutics (NASDAQ:AGLE) last announced its quarterly earnings results on Thursday, March 7th. The biotechnology company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.27). Aeglea Bio Therapeutics had a negative net margin of 480.92% and a negative return on equity of 71.39%. On average, equities analysts anticipate that Aeglea Bio Therapeutics will post -1.7 EPS for the current year.

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Aeglea Bio Therapeutics Company Profile

Aeglea BioTherapeutics, Inc, a clinical-stage biotechnology company, designs and develops human enzyme therapeutics for the treatment of patients with rare genetic diseases and cancer. The company's lead product candidate includes pegzilarginase, a recombinant human Arginase 1 enzyme, which is in early clinical development stage for the treatment of Arginase 1 deficiency, an autosomal recessive metabolic disease caused by a marked decrease in the activity of the native arginase 1 enzyme; and for treating Arginine dependent cancers.

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